AT&T (T) Stock Still Seems Cheap After Its 81% Run

AT&T has fallen back in recent weeks after a strong multi year run, even as the business pushes hard into fiber and higher speed connectivity. This brings the focus squarely onto what investors are paying for its earnings today. With the share price at about US$22.49, the key issue is whether that tag is in line with what the telecom group currently earns and is realistically expected to earn. Over the past 3 years, AT&T has delivered a share price gain of 81.4%, which places extra weight on...