12 Stocks From Companies Generating High Cash Flow

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

Free Cash Flow Yield: 10.78%

Free Cash Flow (TTM): $8.85 Billion

On June 12, Freedom Broker initiated coverage of AT&T Inc. (NYSE:T) with a Buy rating. It also set a $30 price target on the stock. The firm said the U.S. telecom and cable sector entered 2026 at a more advanced stage of the convergence cycle than the market had expected just a few quarters ago. It views T-Mobile (TMUS) as the strongest fundamental story in the sector, citing its spectrum position, EBITDA growth rate, free cash flow margin, and balance-sheet flexibility. Freedom Broker also described AT&T as “a clear convergence story.”

On June 16, Reuters reported that AT&T announced Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry will succeed him. According to a company filing, Biry, the former CFO of McAfee, is set to become AT&T’s CFO at the beginning of 2027. She was appointed deputy CFO on June 15. Biry has held senior leadership roles at AT&T since 1999 across finance, sales, and strategy.

AT&T Inc. (NYSE:T) is a holding company that provides telecommunications and technology services worldwide. The company operates through its Communications and Latin America segments.