Shares of AT&T (NYSE: T) surged more than 10% last week, driven by a strong quarterly financial report and optimistic growth forecast. The company attracted over 400,000 postpaid phone and fiber subscribers in the fourth quarter, with a high fiber convergence rate. AT&T generated $16.6 billion in free cash flow in 2024, with plans to increase it to over $21 billion by 2028. The telecom also announced a new $10 billion stock buyback program, highlighting its commitment to returning value to shareholders. Despite the positive performance, some analysts recommend other stocks for potential higher returns.

Read more at Nasdaq: Why AT&T Stock Surged This Week