Why buy AT&T stock? (2024)

Why buy AT&T stock?

Deciding on AT&T stock

Why should I buy AT&T stock?

AT&T can make for an attractive investment to add to your portfolio before interest rates start to come down, as that's when demand for the stock could really take off. For income investors, now is as good a time as any to buy shares of AT&T.

Will AT&T stock ever go back up?

Main takeaways: AT&T Stock Forecast 2024-2030

Most analysts see AT&T stock trading in a range of $18-28 per share through 2024 as competitive pressures persist. Forecasts from Gov Capital predict AT&T stock will hit $32 by mid-2025, driven by 5G network expansion, fiber/HBO Max growth, and debt reduction.

Is AT&T a safe investment?

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.

What is the future of AT&T stock?

AT&T Stock Forecast

The 16 analysts with 12-month price forecasts for AT&T stock have an average target of 20.22, with a low estimate of 14 and a high estimate of 29. The average target predicts an increase of 15.25% from the current stock price of 17.55.

Is AT&T a good long-term buy?

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.

Is ATT a good company to invest in?

AT&T has one of the highest dividends in the S&P 500, with a trailing-12-month yield of around 6.7%. Unfortunately, part of the reason the dividend yield is so high is because AT&T's stock price has been falling. Regardless, AT&T's lucrative dividend is appealing to investors seeking consistent income.

Is AT&T stock a buy or a hold?

AT&T has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 10 buy ratings, 5 hold ratings, and no sell ratings.

Where will AT&T stock be in 5 years?

AT&T stock price stood at $17.52

According to the latest long-term forecast, AT&T price will hit $20 by the end of 2025 and then $25 by the middle of 2027. AT&T will rise to $30 within the year of 2028, $35 in 2030, $40 in 2033 and $45 in 2035.

Is AT&T a stable stock?

Overall, Wall Street is cautiously optimistic about the stock. AT&T has a Moderate Buy consensus rating based on 10 Buys and five Holds. The analysts' average price target of $27.25 implies an impressive 58.43% upside potential from current levels. Shares of the company have gained 21.8% over the past six months.

Is AT&T stock dividend safe?

This is great news for dividend investors as AT&T pays approximately $8 billion in cash dividends over the full year. Not only does that suggest the dividend is safe, but there may even be room for an increase down the road.

Who owns the most ATT stock?

What is the dividend for AT&T in 2024?

The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable May 1, 2024.

What is the AT&T stock prediction for 2025?

What are the best dividend stocks to buy?

Who holds AT&T stock?

Is Verizon or ATT a better investment?

Verizon: Dividend Growth. Both of these companies are great for dividend investors, offering attractive yields and growing dividends. Although both of these companies have been lifting dividends every year, Verizon's dividend growth tends to be slightly higher than AT&T.

Is AT&T stock undervalued?

Whether it's price-to-sales (revenue), price-to-earnings (profit), or price-to-free cash flow, AT&T is trading at much lower valuations than its competitors.

Why is AT&T stock dropping?

Once AT&T abandoned its media ambitions, culminating with the spin-off of WarnerMedia in 2022, uncertainty over its wireless business, concerns about its massive debt load, and general distrust from investors continued to put pressure on the stock. Beginning in mid-2023, investor sentiment began to shift.

Is it good to buy AT&T stock now?

Is AT&T Inc stock A Buy? Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AT&T stock to perform well in the short-term period.

Why is AT&T stock going up?

In its most recent quarter, AT&T delivered, generating solid revenue growth, robust free cash flow, and notable subscriber gains. Perhaps most importantly, the company achieved its goal of $6 billion in run-rate cost savings and is making progress toward an incremental $2 billion cost savings by 2026.

Is Verizon a good buy now?

Based on 17 Wall Street analysts offering 12 month price targets for Verizon in the last 3 months. The average price target is $44.71 with a high forecast of $50.00 and a low forecast of $34.00. The average price target represents a 13.22% change from the last price of $39.49.

Is a good time to buy stock?

Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile. Historically, April, October, and November have been the best months to buy stocks, while September has shown the worst performance.

How often are AT&T dividends?

AT&T Inc.'s ( T ) ex-dividend date is January 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 was the price of AT&T stock in 1929?

1. In September 1929, AT&T traded at $304 per share. By November 1929, AT&T traded at $222 per share.