By Trefis Team
We believe AT&T stock (NYSE: T) may be a decent opportunity at the present time. AT&T trades at $29 currently and is, in fact, down 25% from the level of $39 seen in the beginning of 2020. It traded at $38 in February 2020 - just before the coronavirus pandemic hit the world
- and is currently 24% below that level as well. This is after AT&T stock gained 9% from its March 2020 low of less than $27. The stock has underperformed the market over recent months because of a low-decibel launch of HBO Max, along with the recent acquisition of Warner Media not likely to add much to the top line in 2020 due to the ongoing pandemic hitting the movie and advertising revenues for media giants.
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