Jim Cramer on AT&T: "I Want You to Hold On To It"

AT&T Inc. (NYSE:T) is one of the stocks Jim Cramer put under the microscope. A caller asked if they should hold onto their position in the stock, and Cramer replied:

“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.”

AT&T Inc. (NYSE:T) delivers telecommunications and technology services, including wireless, broadband, and managed solutions. Cramer mentioned the company in a July episode. He remarked:

“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.