$T The company is an international telecommunications company based in Dallas, Texas. It is one of the largest telecommunications companies in the world, and one of the largest providers of telephony and cellular services in the United States. In June 2018, the company became the owner of Warner Media, thus becoming the largest entertainment and media company in the world and ranking among the 500 largest companies in the United States.
Over the weekend, it was reported on one of the financial websites regarding an acquisition the company wants to make. This refers to Discovery Inc. This acquisition is expected to be very good for the company and increase its market share.
The aforementioned acquisition encountered some problems when shareholders realized that the acquisition would harm their dividend distribution, which was previously 7% per year.
On 05.21.21, insiders including the company's CEO, CFO, and a director purchased a total of $4,567,126. Yesterday, there was an additional purchase by another director totaling $100,000.
From a technical perspective: Current price: $29.45 First target in my opinion: $31.20 Second target in my opinion: $33 Stop loss: $28.5 Debt to equity ratio: 1.41
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