![AT&T Inc. (T) Stock Has a Debt Problem]( "AT&T Inc. (T) Stock Has a Debt Problem")
Bank of America analyst Vivek Arya says AT&T stock, which currently trades at a forward earnings multiple of 9.1, is historically cheap and provides an excellent entry point for long-term value investors. Arya says AT&T could generate a surprise earnings beat in the third quarter thanks to an under-the-radar accounting change related to content amortization costs.
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