Is AT&T Stock a Great Dividend Investment or a Value Trap?
AT&T (NYSE:T) stock is down 16% this year. Investors appear spooked that Space Exploration Technologies Corp is looking to make Starlink a large mobile carrier, one that could potentially disrupt the entire telecom sector and lure customers away from AT&T and other providers. Amid the concerns, the telecom stock has been falling sharply and is now trading around its 52-week low and at a dirt cheap forward price-to-earnings multiple of just eight, which is based on analyst expectations. Earlier in the year, things looked much more promising for AT&T, which at one point hit highs of more than $29. Has the market overreacted, and is AT&T a great dividend stock to buy right now, with its yield at 5.3%, or is it just a value trap? Continue reading