Jim Cramer Discusses AT&T (T) Stock, Treasuries & Interest Rates

We recently published 11 Stocks Jim Cramer Talked About. AT&T Inc. (NYSE:T) is one of the stocks Jim Cramer recently discussed.

Telecommunications carrier AT&T Inc. (NYSE:T)’s shares were upgraded by Keybanc to Overweight from Sector Weight and set a $30 share price target on Wednesday. In its report, Keybanc described the recent pullback in the shares as being driven by “overblown” concerns about its Wireless business. Cramer briefly commented on the Keybanc coverage and AT&T Inc. (NYSE:T)’s dividend yield:

“[Keybanc’s upgrade] I liked that. And they talk about it historically, it’s valued cheaply versus how it has been. And the convergence. I thought that made it a, that made a ton of sense for me. I like the stock. Obviously it has issues involving cable, but 12 times earnings, 4.3, again, compound, someone in their 50s, someone in their 60s, great stock. Makes it so, if, cause the treasuries, if the notes go down, if the bills go down, you’re going to say, why didn’t I buy AT&T at that valuation that was considerably low than the traditional valuation. So that, that interests me. 4% really interests me. That’s where I’m excited because what I think the Fed will do because I know the [inaudible] piece is very good about what can happen. I think the economy is slowing rather dramatically.”

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