AT&T is to consider selling cell towers and lease them back to raise cash: BLOOMBERG
The company says the dividend is safe. I suppose it is safe until it is cut. But wait, for the last quarter, it was increased. The future is not what it used to be. No wonder the stock has not participated in any meaningful rally.
I am downgrading the stock to HOLD due to the financial crunch they are in. Target price $34.96 by June 1st.