3 Reasons to Buy AT&T, and 1 Reason To Sell
AT&T (NYSE: T) was once considered a safe dividend stock for conservative investors. Let's review three reasons to buy AT&T -- as well as one reason to sell it -- to see if it's a contrarian play. AT&T's stock underperformed the market for three main reasons: It faced tough competition in the wireless market from Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS), its pay-TV business bled subscribers to streaming services, and attempting to stop that bleeding with its debt-fueled takeovers of DirecTV and Time Warner caused even bigger problems.