|Bid||55.50 x 800|
|Ask||62.00 x 800|
|Day's range||55.50 - 60.95|
|52-week range||26.00 - 150.72|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||33.66|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Good companies are even better investments when their stocks have been beaten down for no good reason.
AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services. It is combining WarnerMedia's media assets with Discovery to create a proposed stand-alone company, Warner Bros. Discovery. "After close of that transaction and on a pro-forma basis, AT&T expects annual revenues to grow at a low single digits compound annual growth rate (CAGR) from 2022 to 2024 with annual adjusted EBITDA and adjusted earnings per share growing at a CAGR in the mid-single digit range", AT&T Chief Financial Officer Pascal Desroches said in an update to shareholders on Tuesday.
These income stocks, with yields ranging from 2.2% to 11.7%, should help pad investors' pocketbooks.