1 Reason to Buy AT&T Stock, and 1 Reason to Avoid

The stock market has rendered its verdict on AT&T (NYSE: T) stock this year. AT&T still added just over 300,000 net postpaid phone subscribers during the second quarter, but that's less than half what it was adding each quarter throughout much of 2021 and 2022. With AT&T stock trailing the broader market by such a wide margin while the wireless industry is becoming more competitive, it's understandable that many investors have written off the telecom giant entirely.