Mar 8, 2024
Hot Stocks 🔥

Why Stock In AT&T Inc Has ‘Dual Potential’

Name of opportunity: 👀

AT&T Inc

Double trouble: 🙌

Investors in AT&T stand to potentially make money on both the value of the stock as well as dividends. The company has paid dividends on its stock since it became available on the stock market in 1984. Its dividend yield (how much a company pays in dividends relative to its stock price) is considered high at 6.5% - based on the last 12 months of trading, an investor would stand to gain $65 a year if they were to invest $1000. 

The value of the stock also looks promising for potential investors.

How hot is this investment opportunity? 🔥🔥🔥

Analysts predict the price of AT&T, Inc. will increase from $17.08 to $19.43 in the next 12 months. If you were to invest $1000, you might profit $138.36. The price of the stock is currently considered ‘cheap’ so investors who get on board now might be considered to be buying the stock for a discounted price. AT&T has been getting good press lately for the performance of its stock, as well as the dividends it offers. 

Its current dividend per share is $1.11 but is projected to grow to $1.12, which indicates dividend payments are likely to stay the same, if not increase in value. It’s considered to be one of the ‘blue-chip stocks’ because of the stable and reliable dividends investors can benefit from. Analysts currently recommend AT&T as a ‘Buy’. 

13 on the Fortune 500: 🇺🇸

Last year AT&T Inc ranked 13th on the Fortune 500 list of the largest American companies. It’s the world’s fourth-largest telecommunications company by revenue, as well as being the USA’s largest mobile network operator. The company has technically been operating since 1878, the earliest days of the telephone. Through a series of mergers and acquisitions, it became the American Telephone and Telegraph Company in 1885 - it went on to remain one of the biggest players in the US telecommunications market. In the early 2020s, the company sold some of its assets in other industries in order to streamline. However, it still holds onto WarnerMedia, the parent company of Warner Bros Studios, as well as TV networks HBO and CNN.

Which neme?: 🔍

You can find AT&T under ‘7 Stocks With Dual Potential’ and ‘Popular Dividend Stocks’

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.