The telecommunications giant AT&T has seen an impressive share price development. The share has risen by over 38% in the past year and is currently trading at 18.84 euros, just below its 52-week high. AT&T has been particularly impressive in the last 30 days, with an increase of 5%. Investors also benefit from an attractive dividend yield of 6.24%, based on the distribution of 1.11 euros per share announced for 2024.
Solid fundamentals despite challenges
Despite the strong price increase, the valuation appears moderate with a P/E ratio of 10 for 2024. The price-to-cash flow ratio of 3.5 also indicates a favorable valuation. However, AT&T faces the challenge of holding its own in a highly competitive market and winning more customers. The upcoming quarterly figures on October 17 will show whether the positive trend can continue.
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