AT&T (NYSE:T) is a deep value stock to invest in now. On June 3, LiveOne tapped AT&T (NYSE:T)’s Connected Car platform to deliver in-vehicle entertainment. The company is to leverage the carrier’s existing connectivity infrastructure and Cisco multi-party billing technology to enable automotive manufacturers to deploy music and audio content services.
Copyright: limonzest / 123RF Stock Photo
AT&T is to make it possible for LiveOne to offer premium music and entertainment experiences in connected vehicles at scale. The company’s Connected Car platform works with more than 60 global automotive brands, enabling scalable turnkey entertainment experiences.
On June 3, Oppenheimer downgraded AT&T (NYSE:T) to a Perform from Outperform, citing stiff competition from satellite low Earth orbit constellations. There are growing concerns that broadband subscriber growth and mobile services face risk from satellite providers. Amid the soaring competition, AT&T plans to build 7 million new fiber passes this year and 5 million thereafter. It is part of an effort to reach more than 60 million locations by 2030.
In addition, AT&T maintains a reliable payout cycle, having paid dividends for 40 consecutive years. It pays an annualized dividend of $1.11, translating to a yield of about 4.8%.
AT&T Inc. (NYSE:T) is a major telecommunications company that provides wireless cell phone plans, high-speed home internet (including fiber optics), and entertainment services. Their core services and offerings include wireless plans, home internet, and device deals.
While we acknowledge the potential of T as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Debt-Free IT Stocks to Buy Now and 10 Best Stocks to Buy According to Billionaire Bill Gates.
Disclosure: None. Follow Insider Monkey on Google News.
