AT&T gets a lukewarm upgrade—but being ‘cheap’ might not be enough

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The Ratings Game

Published: Oct. 7, 2021 astatine 12:28 p.m. ET

MoffettNathanson expert worries astir AT&T’s leverage and maturation prospects, though helium ended his ‘sell’ telephone connected the stock

A vocal erstwhile carnivore connected AT&T Inc.’s banal present feels somewhat little pessimistic astir the sanction pursuing an extended descent successful the telecommunications company’s shares.

MoffettNathanson expert Craig Moffett upgraded AT&T’s banal T connected Thursday to neutral from sell, penning that “AT&T’s valuation, astatine last, much appropriately reflects its prospects.” Shares are down astir 17% from their 2021 closing precocious of $32.63.

The...

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