AT&T Stock Is Cheap. Why It’s One of Barron’s Picks for 2022.

There is a price for everything, including AT&T, which recently hit a 13-year low. The stock, now around $23, is off 18% in 2021 and amounts to a cheap play on the depressed telecom and media sectors.

The shares have been hit lately by renewed concerns about competitive conditions in the wireless market. The bull case is that AT&T (ticker:…

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