Is AT&T a good stock to buy now? (2024)

Is AT&T a good stock to buy now?

Reasons to buy AT&T now

Is AT&T stock a buy or a hold?

Is AT&T stock a Buy, Sell or Hold? AT&T stock has received a consensus rating of hold. The average rating score is Baa2 and is based on 25 buy ratings, 26 hold ratings, and 0 sell ratings.

Is AT&T a good stock to buy in 2024?

This year looks to be the one to invest in AT&T (NYSE: T) and Verizon Communications (NYSE: VZ). Both of these giants of the telecom industry experienced share-price gains going into 2024.

Is AT&T a good growth stock?

The two stocks also remain dirt cheap due to their sluggish growth prospects. AT&T trades at just 7.5 times 2024 earnings estimates, a slight discount to Verizon's price-to-earnings ratio of 8.5 times this year's profit forecasts. The comparable number for the S&P 500 is 21 times, according to FactSet.

Why is AT&T stock so cheap?

First, AT&T is trading at an exceptionally low forward-looking price-to-earnings ratio of less than 7, while the average telecom stock has a multiple of 14.5 and the average S&P 500 stock trades at 21.4 times projected earnings. AT&T stock thus appears undervalued compared to its peers and the market as a whole.

Does AT&T stock have a future?

AT&T Stock Forecast

The 16 analysts with 12-month price forecasts for AT&T stock have an average target of 20.41, with a low estimate of 17 and a high estimate of 29. The average target predicts an increase of 21.20% from the current stock price of 16.84.

Is AT&T a good investment long-term?

AT&T stock was up Tuesday after a Wolfe Research analyst cited multiple reasons as to why he believes the telecommunications company is a solid, long-term investment. Analyst Peter Supino upgraded shares of AT&T to Outperform from Peer Perform on Tuesday and gave the stock a $21 price target.

What stock will boom in 2024?

What will AT&T stock be worth in 5 years?

AT&T stock price stood at $16.81

According to the latest long-term forecast, AT&T price will hit $17 by the middle of 2024 and then $20 by the end of 2025. AT&T will rise to $25 within the year of 2027, $30 in 2028, $35 in 2030 and $40 in 2033.

What is the fair price for AT&T stock?

Is ATT stock safe?

AT&T is facing challenges and may not grow briskly, but investors seeking income might want to consider it: The stock recently sported a hefty dividend yield of 6.6%. Burdened with long-term debt, AT&T cut its dividend nearly in half in 2022 and has kept it steady since then.

Is AT&T a stable stock?

Here's What Makes AT&T Stock Worth Considering

It is worth highlighting that Wolfe Research analyst Peter Supino sees AT&T as a solid, long-term investment. The analyst noted that the company is bolstering its core business, improving efficiency, and lowering debt levels.

Why should you invest in ATT?

AT&T has steadily growing mobility service revenue and broadband sales that are rising even faster. Investors can reasonably expect increasing profits from the company for at least the next 10 years. It might take another year or two of debt reduction before this stock's dividend payout starts rising again.

Is AT&T a good dividend stock?

As of today, AT&T Inc currently has a 12-month trailing dividend yield of 6.35% and a 12-month forward dividend yield of 6.35%. This suggests an expectation of same dividend payments over the next 12 months. Over the past three years, AT&T Inc's annual dividend growth rate was -18.50%.

Is AT&T better than Verizon stock?

AT&T currently trades at a price-to-earnings (P/E) ratio of just 6.2 and a dividend yield of 7.3%. Verizon goes for a P/E ratio of 7 and pays a dividend yield of 7.8%. Keep in mind that both stocks are significantly more expensive on an enterprise-value basis, which factors in debt.

Is AT&T making money?

AT&T Inc. (NYSE:T) reported fiscal first-quarter 2024 operating revenues of $30.03 billion, down 0.4% year over year and missing the consensus of $30.54 billion. Adjusted EPS of $0.55 beat the consensus of $0.54.

Who owns the most AT&T stock?

How often does AT&T pay dividends?

This is the total amount of dividends paid out to shareholders in a year. AT&T Inc.'s ( T ) ex-dividend date is April 9, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. AT&T Inc. ( T ) pays dividends on a quarterly basis.

What is the target price for AT&T?

AT&T Inc has a consensus price target of $21.23, established from looking at the 84 latest analyst ratings. The last 3 analyst ratings were released from RBC Capital, Wolfe Research, and Citigroup on April 11, 2024, March 5, 2024, and February 1, 2024.

Who bought out AT&T?

On November 18, 2005, SBC Communications purchased its former parent, AT&T Corporation for $16 billion. After this purchase, SBC adopted the better-known AT&T name and brand, with the original AT&T Corporation still existing as the long-distance landline subsidiary of the merged company. The current AT&T Inc.

How much will AT&T stock be in 2025?

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What is the prediction for Verizon stock?

Verizon Stock Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 43.75, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 10.79% from the current stock price of 39.49.