JPMorgan's Top Telecom Pick: AT&T

JPMorgans Top Stock Pick: AT&T - A Solid Choice for Long-Term InvestorsJPMorgan has included AT&T in its list of top stock picks for 2026, giving it an overweight rating and a one-year price target of $33 per share, implying a 35% upside. The stock offers a forward dividend yield of around 4.5%, one of the highest among major market names. Despite a recent drop of 18% from its September high, AT&Ts shares have risen 8% over the past year due to steady subscriber growth in wireless and broadband.As Americas largest telecom provider, AT&T serves over 100 million customers with the nations largest wireless network and is expanding into fiber-to-the-home. JPMorgan sees strength in AT&Ts fast-growing fiber business, smart service mix, and plans to reduce capital spending, which should boost free cash flow for debt repayment and dividend payments.Wall Street analysts agree, with a consensus moderate buy rating and an average price target of $29.68, suggesting a 20% potential gain. AT&Ts combination of growth potential and reliable income makes it an attractive choice for long-term investors in a volatile market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.