AT&T is a buy now that WarnerMedia spinoff is complete, JPMorgan says

Published Mon, Apr 11 20226:41 AM EDTUpdated Mon, Apr 11 20226:25 PM EDT

Jesse Pound @/in/jesse-pound @jesserpound

John Stankey, President & Chief Operating Officer of AT&T and Chief Executive Officer of WarnerMedia, speaks onstage at HBO Max WarnerMedia Investor Day Presentation at Warner Bros. Studios on October 29, 2019 in Burbank, California.

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Shares of AT&T are trading at a discount after the telecom company completed the deal to merge its old WarnerMedia business with Discovery, according to JPMorgan.