#2 - AT&T (NYSE:T)
AT&T (NYSE:T) is the third-largest wireless provider in the United States. It has a massive customer base and is part of the ongoing 5G rollout. But it has been a difficult stock for some investors to love. In the last five years, the stock is down 19%. And the stock is only up 6% in the last year. That’s hardly the growth that some investors have become accustomed to receiving.
But this is a list of stocks you can own forever, and AT&T certainly fits that description. The company isn’t going away and neither will demand for access to wireless data. Plus, despite the numerous commercials that suggest otherwise, wireless customers are generally pretty sticky. And the company’s $2.08 annual dividend (paid quarterly) is well supported by the projected $3.12 of earnings per share in 2021. It’s fair to want growth, but you can’t minimize the important role a dividend plays in the total return on investment.
Many investors have been concerned that AT&T has been spreading itself too thin in an effort to become a more prominent media company. To that end, the company recently sold a stake in its traditional television business. That business accounted for about 17% of sales.
About AT&T
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.
Read More - Current Price
- $22.83
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $25.53 (11.8% Upside)
