AT&T’s history ‘a mess,’ stock could rise 30%, Barron’s says

Despite messy history, nowadays AT&T is under new management and sticking to phone company stuff, like wireless and wireline service, fiber broadband and bundle service DirecTV, only delivered via the internet. There’s plenty of debt left from past misadventures, but free cash flow is rising, and shares trade at only around seven times this year’s free cash flow consensus. There’s also a 6.5% dividend yield that looks increasingly credible, Jack Hough writes in this week’s edition of Barron’s.