5 Best 5G Stocks To Buy Now

In this article, we discuss 5 best 5G stocks to buy now. If you want to see more stocks in this selection, click 12 Best 5G Stocks To Buy Now. 

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

Number of Hedge Fund Holders: 55

AT&T Inc. (NYSE:T), an American provider of telecommunications, media, and technology services, is one of the best 5G stocks to invest in. On October 20, AT&T Inc. (NYSE:T) reported a Q3 non-GAAP EPS of $0.68 and a revenue of $30 billion, outperforming Wall Street estimates by $0.07 and $140 million, respectively. 

On October 24, Raymond James analyst Frank Louthan upgraded AT&T Inc. (NYSE:T) to Strong Buy from Outperform with an unchanged price target of $24. The analyst believes that AT&T Inc. (NYSE:T) will outpace Verizon over the next few months based on the current operating performance of the two businesses. 

According to the second quarter database of Insider Monkey, 55 hedge funds were bullish on AT&T Inc. (NYSE:T) and D E Shaw held the biggest position in the company, comprising 11.4 million shares worth nearly $240 million. 

Here is what Chartwell Investment Partners has to say about AT&T Inc. (NYSE:T) in its Q2 2022 investor letter:

“In the Dividend Equity accounts, the three best performers in Q2 include AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin off of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”