#3 - AT&T (NYSE:T)
AT&T (NYSE: T) - When looking for a retirement stock, it’s important to look at the present and the future. AT&T has been returning quarterly dividends for over 30 years. And its current dividend yield of 5.6% makes it even more attractive. more of the industry’s profits. To be sure, wireless technology has become more competitive. The company, along with its largest competitor Verizon controls over 70% of the wireless market and even more competitive, but AT&T has a scale that ensures it’s going to be around awhile. In fact, it is showing an increase in both prepaid and postpaid wireless subscribers. But what does that future look like? AT&T has made significant acquisitions. First, there was DirecTV and recently they finalized their acquisition of WarnerMedia. At first glance, this would seem to put AT&T squarely against a rising backlash among consumers who are moving away from traditional pay-TV options and into the world of streaming media. It ran into further headwinds with the recent anthem controversy in the National Football League that may have caused an erosion in DirecTV’s competitive advantage, their role as the exclusive provider of the NFL Sunday Ticket. With all that said, relying on growth purely from its wireless market would not seem to be the way to go. AT&T has the resources to make future acquisitions while still providing value to its shareholders.
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
More- Current Price
- $24.45
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $26.21 (7.2% Upside)
