AT&T Earnings Beat Forecasts. The Stock Cant Get Past Spinoff Uncertainty. – Barrons

AT&T‘s reported fourth-quarter results on Wednesday that continued a streak of solid performance for the company, but merger limbo remains impossible to ignore for many investors eyeing its cheap stock.

AT&T (ticker: T) showed growth in most of its divisions and led the U.S. wireless industry in subscriber growth in 2021. But it’s also a company still in the midst of a major portfolio reshuffling, with several major assets recently divested or still on their way out the door, and an upcoming dividend reduction.

AT&T…

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