T belongs to defensive sectors, which tend to outperform the stock market during the downturn. Financial performance of AT&T should significantly improve following the splitoff Warner Broth. Growing free cash flow warrants stable dividend payments. At the current price the dividend yiled looks very attractive. On a technical basis T has solid Support around $15.5 per share, which i would consider as a very attractive entry point for investors (long-term) tradingview.com/chart/ESwsUc7Y/?symbol=NYSE:T
this long idea for AT&T which i posted on 27, May 2022 is working out! so far despite the bearish stock markets T outperformed; T had lower volatility compared to stock indicies; pays stable dividends and i expect its hsare price to appreciate even further in 2H/2022. T should benefit from rising prices on its services. T is a good stock to have in investment portfolio to protect your money.