Is it safe to invest in AT&T? (2024)

Is it safe to invest in AT&T?

Given the company's current momentum, solid leadership under John Stankey

, and attractive dividend with a robust 6% yield despite the cut in 2022, AT&T stock looks like a buy for 2024.

Is AT&T a good investment?

Deciding on AT&T stock

AT&T had a solid 2023, which could prove to be the turning point in its transition back to a purely telecommunications business. Its debt levels are dropping, free cash flow is rising, and its consistent customer growth has enabled the company to increase revenue.

Is AT&T a good stock to buy 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. Verizon even hit a 52-week high of $43.21 at the end of January.

Is it better to invest in Verizon or AT&T?

Both of these stocks are among the highest-yielding stocks. Although AT&T is a more established dividend payer, Verizon is a member of the Dow Jones Industrial Average, which also gives investors a sense of stability about its value as a long-term investment.

Where will AT&T stock be in 5 years?

AT&T stock price stood at $16.31

According to the latest long-term forecast, AT&T price will hit $17 by the middle of 2024 and then $20 by the middle of 2026. AT&T will rise to $25 within the year of 2027, $30 in 2028, $35 in 2031 and $40 in 2034.

Does AT&T stock have a future?

Main takeaways: AT&T Stock Forecast 2024-2030

The AT&T stock price for today, 18.04. 2024 is $16.11. Most analysts see AT&T stock trading in a range of $18-28 per share through 2024 as competitive pressures persist.

Why is AT&T stock so cheap?

Shares of telecom giant AT&T (T 1.10%) have been stuck in a rut for much of 2023. Slowing subscriber growth, an uncertain economic outlook, mountains of debt, and fear that the company's free cash flow outlook was overly optimistic put downward pressure on the stock.

Is AT&T a buy sell or 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 long term buy?

Fair Value Estimate for AT&T Stock

Our estimate implies an enterprise value of 7.5 times our 2024 EBITDA estimate and equals a 10% free cash flow yield based on actual 2023 results. In total, we believe consolidated revenue can grow 2%-3% annually over the next five years.

Is AT&T a buy or sale?

AT&T Inc.

may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of T, demonstrate its potential to outperform the market.

Is AT&T financially strong?

In the third quarter of 2023, AT&T reported revenue of $30.4 billion, a 1% increase compared to the same period a year prior. This growth is partly attributed to the company's expanding customer base, which has doubled to over 8 million subscribers in less than four years.

Is AT&T a good growth stock?

Telecommunication services provider AT&T (NYSE:T) is one such stock with an impressive dividend yield of 6.45%, much above the sector's average of 2.5%. Furthermore, Wall Street analysts expect that T stock has the potential to grow by over 58% in the next 12 months.

Are AT&T and Verizon dividend safe?

AT&T, VZ dividends look safe

Perhaps more importantly, the dividends look safe. Citi analyst Michael Rollins this week raised his recommendations on both AT&T and Verizon to Buy from Neutral (the equivalent of Hold). He also maintained his "High Risk" rating on both stocks.

What will AT&T stock price be in 2024?

For 2024, AT&T sees free cash flow coming in between $17 billion and $18 billion. A stock price of $21 per share implies a market capitalization of about $151 billion. At the midpoint of AT&T's free cash flow guidance range, the price-to-free cash flow ratio at $21 per share works out to about 8.6.

How often are AT&T dividends?

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.

How much will AT&T stock be in 2025?

Who owns the most AT&T stock?

Who is AT&T owned by?

In 2005, AT&T was acquired by "Baby Bell" and former subsidiary SBC Communications for more than $16 billion ($25 billion in present-day terms). SBC then changed its name to AT&T Inc., with AT&T Corporation continuing to exist as the long distance subsidiary.

What is the fair price for AT&T stock?

Will AT&T ever bounce back?

Key Points. AT&T stock has been slumping for years, but it bounced strongly off its low in mid-2023. The company has been putting up solid results, and free cash flow has been rising. A $20 target could be overly conservative if AT&T can maintain its momentum.

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%.

Why should I buy AT&T stock?

Key Points. AT&T stock could be in for a recovery in 2024 as the company continues to gain subscribers. Free cash flow expanded in 2023 and should grow further in 2024. A depressed valuation sets the stage for a comeback if investors warm to the stock.

Is Tesla a buy or sell?

Tesla remains a contentious stock among the analysts on Wall Street. Of the 53 who cover the stock, 18 rate the shares a buy, 25 a hold.

Is Verizon a buy or sell?

What do analysts say about Verizon? Verizon's analyst rating consensus is a Moderate Buy. This is based on the ratings of 18 Wall Streets Analysts.

What are the top dividend stocks?