Global telco whale looks to have broken through resistance for the second time. I feel that AT&T is primed to take advantage of the 5G rollout and sales surge.
Trading View technical indicators are showing it as a strong buy as well. Might be one to watch.
AT&T Inc. is a holding company that provides communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide. It also owns and operates three regional TV sports networks, and retains non-controlling interests in another regional sports network and a network dedicated to game-related programming, as well as Internet interactive game playing. Its services and products include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services. Its subsidiaries include AT&T Mobility and SKY Brasil Servicos Ltda.
@Bullandbeartrading, I think so. I was reading today about companies best positioned to take advantage of 5G and AT&T kept coming up in all the conversations. Also appeared in a lot of the defensive lists if market uncertainty continues. People may stop buying new mobile phones (eg impacting Apple sales) but they won't give up their connectivity / plans.