Morgan Stanley says AT&T stock looks cheap after underperformance, sees 26% upside potential

Published Thu, Dec 16 20217:06 AM ESTUpdated Thu, Dec 16 20217:44 AM EST

AT&T logo is seen on a smartphone in front of displayed Discovery and Warner Media logos. May 17, 2021.

Dado Ruvic | Reuters

Shares of telecom giant AT&T have been in a rut this year, and Morgan Stanley says the historically low prices make the stock look enticing.

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