5 Best Telecom Stocks to Invest In

In this article, we discuss 5 best telecom stocks to buy right now. If you want to see more stocks in this selection, check out 11 Best Telecom Stocks To Buy Right Now. 

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

Number of Hedge Fund Holders: 61

AT&T Inc. (NYSE:T) provides telecommunications, media, and technology services worldwide. It is one of the best telecom stocks to buy right now. On December 15, AT&T Inc. (NYSE:T) declared a $0.2775 per share quarterly dividend, in line with previous. The dividend is payable on February 1, to shareholders of record on January 10. The dividend yield on December 26 came in at 6.06%. 

On December 8, Argus analyst Joseph Bonner upgraded AT&T Inc. (NYSE:T) to Buy from Hold with a $24 price target. The company’s Mobility business is supporting its overall results while attesting to the management’s strategic realignment away from entertainment assets and towards primary wireless and fiber broadband expansion strategy, the analyst told investors in a research note. 

According to Insider Monkey’s data, 61 hedge funds were bullish on AT&T Inc. (NYSE:T) at the end of Q3 2022, compared to 55 funds in the prior quarter. D E Shaw is the largest stakeholder of the company, with 14 million shares worth $214.3 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.”