Jim Cramer Discusses AT&T (T) Stock, Treasuries & Interest Rates

Telecommunications bearer AT&T Inc. (NYSE:T)’s shares were upgraded by Keybanc to Overweight from Sector Weight and acceptable a $30 stock terms people connected Wednesday. In its report, Keybanc described the caller pullback successful the shares arsenic being driven by “overblown” concerns astir its Wireless business. Cramer concisely commented connected the Keybanc sum and AT&T Inc. (NYSE:T)’s dividend yield:

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“[Keybanc’s upgrade] I liked that. And they speech astir it historically, it’s valued cheaply versus however it has been. And the convergence. I thought that made it a, that made a ton of consciousness for me. I similar the stock. Obviously it has issues involving cable, but 12 times earnings, 4.3, again, compound, idiosyncratic successful their 50s, idiosyncratic successful their 60s, large stock. Makes it so, if, origin the treasuries, if the notes spell down, if the bills spell down, you’re going to say, wherefore didn’t I bargain AT&T astatine that valuation that was considerably debased than the accepted valuation. So that, that interests me. 4% truly interests me. That’s wherever I’m excited due to the fact that what I deliberation the Fed volition bash due to the fact that I cognize the [inaudible] portion is precise bully astir what tin happen. I deliberation the system is slowing alternatively dramatically.”

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