AT&T Shares Rise 9.5% in a Year: Should You Invest Now?

AT&T (T) has seen a 9.5% rise in its shares over the past year, outperforming the Wireless National industry but lagging behind the broader tech sector and S&P 500. The company shows strong momentum in its Communications segment, driven by customer additions, a successful convergence strategy, and technological advancements like AI-native network architecture. However, AT&T faces challenges including spectrum crunch in a saturated market, high long-term debt, and stiff competition, leading Zacks to rate it as a #3 (Hold) stock.