AT&T: A Bullish Algorithmic Perspective

AT&T Inc. (NYSE:T) is the second-largest wireless telecommunications provider in the United States, with nearly 190 million subscribers nationwide (including landline), and more than 116.6 million mobile customers. As of May 2014, according to Forbes, T is also the twenty-third largest company in the world, and the sixteenth-largest, if we exclude oil. While the company experienced a very problematic phase when it implemented its 3G network, and while investors seem to see it as a problematic stock, given its competition with Verizon (NYSE:VZ) and its failure to meet Wall Street expectations, T may not be as poor an investment as it is painted to be, given recent developments and its steady dividend.

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Analyst opinion and public reception reveal that AT&T’s progress has not gone unnoticed. T recently won two innovation awards at the Mobile World Congress, one of them for Digital Life. Analysts are also not overly critical –Yahoo! Finance calls T a solid hold, as does Reuters; the Motley Fool goes so far as to label T a moderate buy (Figures 1, 2, 3).

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