|Bid||24.18 x 2200|
|Ask||24.43 x 2200|
|Day's range||24.12 - 25.45|
|52-week range||17.34 - 66.70|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||14.51|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
AT&T (NYSE: T) was once considered a safe dividend stock for conservative investors. Let's review three reasons to buy AT&T -- as well as one reason to sell it -- to see if it's a contrarian play. AT&T's stock underperformed the market for three main reasons: It faced tough competition in the wireless market from Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS), its pay-TV business bled subscribers to streaming services, and attempting to stop that bleeding with its debt-fueled takeovers of DirecTV and Time Warner caused even bigger problems.