AT&T just got upgraded by KeyBanc and Goldman Sachs, both citing strong subscriber growth and new investments in AI and fiber networks. The stock trades at a discount to sector peers and offers a 4.33% dividend yield versus the industry’s 2.6%. Despite some past setbacks, its core business is stable, free cash flow is increasing, and all 30 major analysts rate it a 'Moderate Buy.' With price targets around $30–32 (about 17–19% upside), the market seems to be betting that AT&T's efforts to upgrade infrastructure, partner with firms like Nokia and Thales, and expand into 5G and business services will finally pay off. For income investors, the risk/reward looks favorable if execution stays on track.