AT&T: Why I Am Still Bullish Despite The Amazon Rumors

Summary

  • AT&T shares have declined significantly, but the company remains undervalued and could be a long-term value play.
  • Amazon entering the communications space would be devastating for competitors, but it is unlikely to happen without acquiring a major player.
  • AT&T’s Q1 results were disappointing, but the company is confident in generating over $16 billion in free cash flow for 2023.

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