AT&T(NYSE:T) recently made a move that many in the investment community have long called for: The telecom titan announced the partial spinoff of its DIRECTV business.

This move, combined with back-to-back quarters of customer growth in its core telecommunications business, suggests AT&T may have finally turned a corner after a challenging 2020. Is now a good time to buy the stock?

To answer that question, let's examine in detail where AT&T is today.

Despite its longevity, AT&T is now a company in transition. Its 2020 full-year revenue dropped nearly $10 billion from 2019's $181.2 billion. AT&T ended 2020 with $171.8 billion as the pandemic's impact caused store closures, lower income from roaming charges, and lost advertising revenue.

Its lower 2020 revenue combined with massive debt from the DIRECTV purchase and another pricey acquisition, Time Warner (now called WarnerMedia), meant AT&T needed decisive action to improve its fortunes.

More in category

Opinion: Hydrogen is the one clean energy source everyone seems to like, so why aren’t we using it more to fight climate change?
April 22, 2021MarketWatch
Opinion: Hydrogen is the one clean energy source everyone seems to like, so why aren’t we using it more to fight climate change?
Here are the biggest risks to oil’s rally
April 22, 2021MarketWatch
Here are the biggest risks to oil’s rally
Opinion: Intel’s new CEO has another big problem to fix
April 22, 2021MarketWatch
Opinion: Intel’s new CEO has another big problem to fix
Et tu, boomer? Millennial stock-traders aren’t all that different, one analyst argues
April 22, 2021MarketWatch
Et tu, boomer? Millennial stock-traders aren’t all that different, one analyst argues
Zombies, robots and big unknowns lurk as the U.S. economy recovers from pandemic
April 22, 2021MarketWatch
Zombies, robots and big unknowns lurk as the U.S. economy recovers from pandemic
Credit Suisse executives were grilled on Archegos losses. Here’s what they said
April 22, 2021MarketWatch
Credit Suisse executives were grilled on Archegos losses. Here’s what they said
WWE body slams Wall Street's forecasts
April 22, 2021FOX Business
WWE body slams Wall Street's forecasts
Bond traders betting on hotels or shopping malls now have Big Data at hand
April 22, 2021MarketWatch
Bond traders betting on hotels or shopping malls now have Big Data at hand
Skyworks, Silicon Labs shares rise after companies announce $2.75B deal
April 22, 2021MarketWatch
Skyworks, Silicon Labs shares rise after companies announce $2.75B deal
Greta Thunberg on U.S. eliminating fossil-fuel crutch: ‘I don’t believe you’ll actually do this’
April 22, 2021MarketWatch
Greta Thunberg on U.S. eliminating fossil-fuel crutch: ‘I don’t believe you’ll actually do this’
Biden to propose nearly doubling capital gains tax for wealthy: report
April 22, 2021MarketWatch
Biden to propose nearly doubling capital gains tax for wealthy: report
My financially reckless ex-husband bought a house with our son. Now his business is failing. How can we get out of this mess?
April 21, 2021MarketWatch
My financially reckless ex-husband bought a house with our son. Now his business is failing. How can we get out of this mess?
Jim Cramer: Fears of Biden's capital gains tax are discounting stocks
April 22, 2021CNBC
Jim Cramer: Fears of Biden's capital gains tax are discounting stocks
Elon Musk launches $100M 'XPRIZE Carbon Removal'
April 22, 2021FOX Business
Elon Musk launches $100M 'XPRIZE Carbon Removal'
Nestle CEO says business case for sustainability emerges as consumers demand it more than before
April 22, 2021CNBC
Nestle CEO says business case for sustainability emerges as consumers demand it more than before
My wife makes $200K a year, but gives us $700 a month, and $3,000 to her brother and mother ‘to keep them in the good life’
April 15, 2021MarketWatch
My wife makes $200K a year, but gives us $700 a month, and $3,000 to her brother and mother ‘to keep them in the good life’
Snapchat sees new users, more revenue but still can't snap quarterly loss
April 22, 2021FOX Business
Snapchat sees new users, more revenue but still can't snap quarterly loss
AT&T earnings, revenue rise as HBO Max shines
April 22, 2021MarketWatch
AT&T earnings, revenue rise as HBO Max shines
More consumers have been looking to spend money at Black-owned businesses: ‘People are rallying around small business’
April 22, 2021MarketWatch
More consumers have been looking to spend money at Black-owned businesses: ‘People are rallying around small business’
Disney, Sony streaming deal may finally bring ‘Spider-Man’ to Disney+
April 21, 2021MarketWatch
Disney, Sony streaming deal may finally bring ‘Spider-Man’ to Disney+
‘Accountability … but not justice’: AOC, Pelosi, Zuckerberg and other leaders react to Chauvin verdict
April 20, 2021MarketWatch
‘Accountability … but not justice’: AOC, Pelosi, Zuckerberg and other leaders react to Chauvin verdict