Can AT&T Climb Back On Top?

With shares of AT&T (NYSE:T) trading around $36, is T an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

AT&T is a worldwide provider of telecommunications services that include wireless, wireline, internet, television, and advertising solutions. The company is deeply involved in an industry that will continue to see growth from world expansion. AT&T is poised to profit from the continued rise in desire to interconnect by the world population.

T = Technicals on the Stock Chart are Mixed

AT&T stock has been struggling to see new prices over the years. A downtrend from highs established during the internet boom is still in tact. AT&T stock made an attempt at breaking above this downtrend last year but was met with increased selling. Currently, the stock is seeing a decent run this year, but a break above the downtrend would be more constructive…