Published on 7 Oct 2021 on Market Watch
AT&T gets a lukewarm upgrade—but being 'cheap' might not be enough
A vocal former bear on AT&T Inc.’s stock now feels slightly less pessimistic about the name following an extended slide in the telecommunications company’s shares.
MoffettNathanson analyst Craig Moffett upgraded AT&T’s stock on Thursday to neutral from sell, writing that “AT&T’s valuation, at last, more appropriately reflects its prospects.” Shares are down roughly 17% from their 2021 closing high of $32.63.