AT&T Inc (T)

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“As for AT&T, it helps that the company has a standout portfolio of assets. For example, WarnerMedia has a variety of movie franchises along with three of the top five ad-supported cable networks (for prime time for those between 18 to 49). In addition to TNT, TBS and Adult Swim they’ve acquired the hugely successful HBO franchise.

AT&T also 370 million direct-to-consumer relationships across mobile, pay-TV and broadband. All this should provide a solid platform for the streaming service that is expected to be launched later in the year. And as seen with Disney (NYSE:DIS), this could gin up excitement for T stock when we get more details about the service.

The Bottom Line on AT&T Stock

While the mobile business in the U.S. is fairly saturated, it is still a strong cash generator for AT&T. The addition of Time-Warner has also boosted the company’s bottom line. During the latest quarter, cash flow from operations came to a hefty $11.1 billion, up 24% on a year-over-year basis.

What’s more, the valuation on the stock is also at attractive levels. Consider that the forward price-to-earnings multiple is at a mere 9X. For the most part, expectations are tempered.

And finally, the dividend yield is at a juicy 6.6%, which is one of the highest among large-cap stocks. More importantly, the company has been a reliable payer. Note that it has increased the dividend for 35 consecutive years.”

https://finance.yahoo.com/news/why-want-own-t-stock-124047309.html