AT&T has reached a 52-week high, surpassing $24 per share, driven by a robust business turnaround strategy. The telecommunications giant announced a significant $20 billion stock buyback program and raised its earnings outlook for 2025 to between $2.20 and $2.25 per share. Additionally, AT&T is investing heavily in its 5G and fiber services, with expectations of generating $18 billion in free cash flow by 2027. The company's stock has increased by 35% in 2024, following strategic decisions made by CEO John Stankey, including the spinoff of Warner Bros. and DirecTV. Overall, AT&T plans to return over $40 billion to shareholders through buybacks and dividends over the next three years, signaling confidence in its future profitability.