Jim Cramer on AT&T: “I Don’t Want to Get Involved”

AT&T Inc. (NYSE:T) is one of the stocks Jim Cramer shed light on. A caller asked what Cramer thinks of the stock these days, and he stated:

“I’ll tell you there’s a real scrum going on with AT&T and Verizon, and T-Mobile. I don’t want to get involved. It seems like there’s just too many crosscurrents. Let’s stay away from that.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

AT&T Inc. (NYSE:T) provides telecommunications and technology services, including wireless communications, broadband, and internet solutions. A caller asked for Cramer’s advice on whether they should hold on to the stock during the September 10 episode, and in response, he said:

“Yes, I want you to hold on to it. This fellow Stankey is doing a great job. He’s still got almost 4% yield. They are executing at an incredibly high level, and congratulations. Well done.”

In addition to that, a caller asked for the same advice during the July 8 episode, and Cramer responded:

“Now remember, I infamously didn’t like it at 22. So you could say, what are you doing liking it at 28? But I did change my mind at 24. Now, here’s what you need to know: I read a piece today, of research, that said that basically this is the best in the industry, and you know what? I like T-Mobile, but boy, this thing is a really good situation…”

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Disclosure: None. This article is originally published at Insider Monkey.