DALLAS, Texas – The AT&T stock price has risen beyond the 35% mark at present date; something that investors and analysts alike agree are promising results for the brand.
This success has been attributed by many to be due to AT&T’s enthusiasm in pursuing 5G and the development of its own alternate streaming outlets,
AT&T’s year-to-date results, as well as the innovative means by which it achieved it, have been met with much praise, which experts say add to the credibility of the brand.
This breakout by AT&T has also been described as “unusual” by many. The improvement of growth prospects for the company had driven stock prices higher, as stocks serve as a discounting mechanism for growth.
AT&T’s investment in diversification, such as in the 5G and alternative streaming markets, is pointed at by top market analysts as the source of these improved growth prospects.
This comes after years of the company’s growth prospects being reined in by multiple competitors in the wireless service market. It would seem, however, that the coming years would see AT&T performing a complete reversal of its trajectory prior to 2019.
According to experts, the launching of the 5G network across the United States, with AT&T at the forefront, will put AT&T’s wireless competition at a severe disadvantage.
Additionally, HBO’s entry into the streaming market will mitigate the damage dealt by cord-cutting.
Thus, throughout 2019, AT&T’s 2020 and beyond growth prospects have materially improved. As they have, AT&T stock has run higher.
Thanks to the combined effects of AT&T’s expansion into up-and-coming markets, its growth prospects as perceived by investors, as well as its actual growth rate, have contributed to its stock having grown at a rate not topped since 2006.
Good predictions lie ahead for the company, as most observers say that its prospect will only improve in the years following 2020. Aside from that, most agree that the actual valuation behind the AT&T stock price is justified.
Altogether, the next twelve months should see even better growth for the company’s stock value.