5 Best Telecom Services Stocks to Buy According to Analysts

In this article, we will list the 5 Best Telecom Services Stocks to Buy According to Analysts. Please visit 12 Best Telecom Services Stocks to Buy According to Analysts if you’d like to see an extended list and the methodology behind it.

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

AT&T Inc. (NYSE:T) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 46.94% upside, and the consensus rating is Buy. Among the most important developments recently, Reuters reported on June 18 that California regulators asked a U.S. court and the Federal Communications Commission to reject AT&T’s request to stop offering traditional copper-based landline service to new customers in parts of the state.

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The dispute centers on AT&T’s carrier-of-last-resort obligations in California, where the company says the legacy copper network costs about $1 billion a year while serving only 3% of its customers in the state. Reuters said AT&T’s request covers 360 wire centers, including about 184,000 residential and 15,000 business customers. This is not a growth catalyst, but it is an important regulatory and cost-control issue for a large telecom operator with aging legacy infrastructure. The outcome could affect how much flexibility AT&T has in managing low-return legacy services.

AT&T Inc. (NYSE:T) provides wireless, fiber broadband, fixed-line, enterprise connectivity, and related telecom services in the United States.