10 Best Affordable Stocks Under $50 to Buy

3. AT&T Inc. (NYSE:T)

Share Price: $28.74

Forward P/E: 13.83

Number of Hedge Fund Holders: 83

AT&T Inc. (NYSE:T) ranks among the best affordable stocks under $50 to buy. On August 19, AT&T Inc. (NYSE:T) announced that Kelly Grier has been elected to join the company’s board of directors starting September 1.

Grier will be part of two committees at AT&T Inc. (NYSE:T), the Human Resources Committee and the Corporate Development and Finance Committee.

Scott Ford, who has served AT&T Inc. (NYSE:T) for 13 years, will retire on September 1 from the company’s board of directors.

According to the report by AT&T Inc. (NYSE:T), Grier is the former US Chair and Americas Managing Partner (CEO) of Ernst & Young LLP (EY). She worked at EY for more than 30 years and held many important leadership roles in the US and overseas. This includes Vice Chair and Central Region Managing Partner and Americas Vice Chair of Talent.

John Stankey, AT&T Inc.’s (NYSE:T) CEO and board chairman, said Grier’s skills in finance and leadership are valuable and will strengthen the board.

AT&T Inc. (NYSE:T) is an American multinational telecommunications and technology company that provides wireless and fixed-line communication services, broadband, and mobile services.