13 Best Cheap Stocks to Invest in for Beginners

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

Forward P/E: 13.01

Number of Hedge Fund Holders: 80

AT&T Inc. (NYSE:T) provides telecommunications and technology services and operates through the Communications and Latin America segments. Its Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico. The company takes the tenth spot on our list of the top cheap stocks to invest in for beginners.

Analysts are bullish on AT&T Inc. (NYSE:T) following strong fiscal Q1 2025 results. On April 29, Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on AT&T Inc. (NYSE:T) and set a price target of $34.00, highlighting its strong growth potential. The analyst said that the company’s convergence growth strategy is a significant driver, as it is strengthening both the fixed wireline and wireless segments, resulting in solid cash flow and revenue surges. This financial strength supports AT&T Inc. (NYSE:T) in enhancing shareholder value, including key share repurchase plans.

The analyst also reasoned that the company’s investments in fiber networks and high-speed 5G wireless are anticipated to drive strong momentum in business performance and sustain its service enhancements. AT&T Inc.’s (NYSE:T) strategic focus on leveraging these networks is expected to support subscriber growth through diverse connectivity solutions, further supporting the buy rating.