5 Best Communication Services Stocks To Invest In

In this article, we will take a look at the 5 best communication services stocks to invest in. To see more such companies, go directly to 13 Best Communication Services Stocks To Invest In.

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

Number of Hedge Fund Holders: 55

While AT&T Inc. (NYSE:T) has lost its dividend aristocrat status, the company is still a high-dividend stock, with a yield of over 6.4% as of May 8. Recently, HSBC upgraded AT&T Inc. (NYSE:T) to Buy from Hold with a price target of $21. The analyst believes the selloff after AT&T Inc. (NYSE:T)’s Q1 results has created a buying opportunity. He believes the market’s attention “should turn to falling CAPEX spend” in 2024.

AT&T Inc. (NYSE:T) shares saw a decline in hedge fund sentiment in the fourth quarter, with 55 funds ending the period with the stock in their portfolios, down from 61 hedge funds in the previous quarter, according to Insider Monkey’s database.