We recently published 9 Stocks On Jim Cramer’s Radar . AT&T Inc. (NYSE:T) is one of the stocks Jim Cramer recently discussed.
AT&T Inc. (NYSE:T) made quite the splash last week, but not through its shares. Instead, it was its decision to buy spectrum from EchoStar, which sent the latter’s shares soaring by a whopping 78%. Through the deal, AT&T Inc. (NYSE:T) will buy EchoStar’s spectrum and then lease it out for the Boost Mobile service. EchoStar’s shares soared since the deal removed a large portion of the risk surrounding a potential bankruptcy for the firm, since it resolved its tussles with the FCC. Cramer’s previous comments about AT&T Inc. (NYSE:T) have praised the firm and wondered who was losing if all major carriers were gaining subscribers. This time, he praised the firm’s management:
“ATT’s just doing everything right.”
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Here are Cramer’s previous thoughts about AT&T Inc. (NYSE:T):
“But David, AT&T, has someone downgraded AT&T? I thought that AT&T was good. But how can AT&T and Verizon and T-Mobile do well?
“These guys are so good at what they do. And in the face of I don’t know who’s losing share.”
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Disclosure: None. This article is originally published at Insider Monkey.