AT&T Is A Value Play Worth Accumulating

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Jan 14, 2021 at 4:37 PM EST

Shares of AT&T Inc continue to trade within 10% of its COVID March 2020 lows.

Shares of AT&T Inc (T) continue to trade within 10% of its COVID March 2020 lows. For a stock that pays a 7% dividend, this is attractive when comparing to crazy valuation stocks like Doordash (DASH), AirBNB (ABNB), and EV stocks. Many of these stocks are up 500-1000% since the COVID March lows. While it is not flashy, A&T is low risk when compared to these stocks up 500-1000%. I

n addition, it is cushioned with a beautiful dividend of 7% based on off the current price. To me, this is a great place to dump some cash. There is support $28.50 and more major support around $27.45. Accumulating down here protects against a major correction in the high valuation names.

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