Is AT&T a blue-chip stock? (2024)

Is AT&T a blue-chip stock?

AT&T is one of the original blue chips. The company was established way back in 1885 as a subsidiary of the Bell Telephone Co. Then known as American Telephone and Telegraph, T enjoyed a near-total monopoly on U.S. phone service.

Is AT&T a good income stock?

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 considered a blue-chip stock?

Key Takeaways. A blue chip stock refers to the shares of an established, profitable, and well-recognized corporation. Blue chips are characterized by a large market capitalization, a listing on a major stock exchange, and a history of reliable growth and dividend payments.

Is Verizon a blue-chip stock?

Verizon Communications Inc.

Investors have long looked to the large telecom companies as leading blue-chip stock picks.

What is a good blue chip stocks to buy?

Why should people invest in AT&T?

Due to improving business conditions, the low valuation makes AT&T a compelling buy. Thanks to a rising market share and the AI-driven need for AT&T's networks, the company and its stock should move higher in the long term.

Is Verizon stock better than AT&T?

Verizon's superior FCF puts it in a stronger position than AT&T to continue reducing debt and maintain its dividend. Verizon's FCF increase is thanks in part to growth in its wireless-service sales, which hit $76.7 billion in 2023, a year-over-year increase of 3.2%.

Which stock will boom in 2024?

What are the safest stocks to buy in 2024?

What are 5 blue chip stocks?

Which stock is undervalued now?

Is Tesla a blue-chip stock?

The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren't truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN. They're much more volatile. Tesla, for example, is down about 23% so far this year.

Is Apple a blue-chip stock?

Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.

What is the most profitable stock to buy?

What is the most undervalued blue-chip stock?

Is Amazon a blue-chip stock?

Amazon's entry will significantly increase the exposure of the blue-chip index in the e-commerce, consumer retail and technology space. Amazon's weight in the Dow will rank 17th out of the 30 stocks. Walmart's weight will drop to 26 from 17.

Why not to invest in ATT?

AT&T Inc. faces challenges in delivering stable shareholder value due to a poor historical track record, lower 5G penetration, weak positioning in the 5G market, and a heavily debt-saturated balance sheet.

Should you hold AT&T stock?

AT&T has 19.53% upside potential, based on the analysts' average price target. Is T a Buy, Sell or Hold? AT&T has a conensus rating of Moderate Buy which is based on 8 buy ratings, 6 hold ratings and 1 sell ratings.

Does AT&T stock have a future?

AT&T Stock Forecast

The 15 analysts with 12-month price forecasts for AT&T stock have an average target of 20.17, with a low estimate of 14 and a high estimate of 29. The average target predicts an increase of 20.06% from the current stock price of 16.80. * Price targets were last updated on Feb 1, 2024.

Who is bigger AT&T or Verizon?

Wireless carrier/operator subscriber share in the U.S. 2011-2023. The telecommunications firm AT&T is the leading provider of mobile services in the United States (U.S.) with a market share of about 46.9 percent of wireless subscriptions in the third quarter of 2023.

Is AT&T stock stable?

AT&T Inc. is a telecommunications holding company with a strong presence in the U.S. market. While some experts believe the company has potential for stability and a decent dividend yield, others are concerned about its recent troubles with dividends and competitive challenges in the industry.

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 stock will double in 2024?

Wayfair Inc. (NYSE:W), Match Group, Inc. (NASDAQ:MTCH), and Palantir Technologies Inc. (NYSE:PLTR) are some of the stocks that will double in 2024, besides StoneCo Ltd.

Which penny stock is best for 2024?

Here, we'll take a look at penny stock Rocket Lab (RKLB), a private aerospace company that Wall Street analysts predict will skyrocket by the end of 2024. Founded in 2006, the company has quickly emerged as one of the key players in the rapidly expanding small satellite launch industry.

What are 5 good stocks?