For long-term defensive income investors, AT&T (T) has always been a cash cow. Long-term income investors might want to consider this stock on the recent market weakness. As you can see on the graph below, provided by Barchart, the stock has had a bit of weakness in the last 6 months:
The stock has held up well during the past year, as measured by the Value Line Index of 1,700 stocks.
AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. Its Wireless segment offers wireless voice communication services, including local wireless communications service, long-distance service, and roaming services. This segment also sells various handsets, wireless enabled computers, and personal computer wireless data cards; and accessories comprising carrying cases, hands-free devices, batteries, battery chargers and, other items. This segment sells its products through its own stores, or through agents or third party retail stores.
The company's Wireline segment provides voice services, including local and long-distance services, calling card, 1-800 services, conference calling, wholesale switched access service, caller ID, call waiting, and voice mail services; and application management, security service, integration services, customer premises equipment, outsourcing, government-related services, and satellite video services. This segment also offers data services, such as switched and dedicated transport, Internet access and network integration, data equipment, and U-verse services; high-speed connections comprising private lines, packet, dedicated Internet, and enterprise networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products; businesses voice applications over IP-based networks; and local, interstate, and international wholesale networking capacity to other service providers.
In addition, its Advertising solutions segment publishes yellow and white pages directories; and sells directory advertising and Internet-based advertising and local search. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005 as a result of merger with AT&T Corp. AT&T Inc. was founded in 1983 and is based in Dallas, Texas. [Yahoo Finance profile]
Factors to Consider
Barchart technical indicators:
- Barchart uses technical indicators from 7 days to 6 months to determine the current direction of a stock's price momentum
- At the present time, the stock's price momentum is very weak
- A weakness in the price of a solid income stock can signal a good entry or accumulation point
- Barchart technical hold signal
- Trend Spotter sell signal
- Trading below its 20 and 100 day moving averages but above its 50 day moving average
- The stock currently trades 9.92% below its 1 year high
- Barchart computes a technical support level at 28.52
- Relative Strength Index is 49.02% and currently falling
- Traded recently at 28.78 which is below its 50 day moving average of 28.89
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