AT&T (T) Accelerates Fiber Rollout to Maintain Market Leadership, Plans to Double Fiber Reach by 2030
AT&T Inc. (NYSE:T) is one of the 10 cheap Jim Cramer stocks to invest in. On June 10, the company announced that it has surpassed 30 million fiber locations passed across the U.S., meeting the milestone ahead of schedule and reaching halfway to the company's goal of reaching approximately 60 million homes and businesses with fiber. The company has invested over $145 billion from 2020 to 2024 in network infrastructure, including spectrum acquisitions. AT&T (NYSE:T) now passes more fiber locations than any other U.S. provider and plans to double availability by 2030. Since 2020, the company has added 5.7 million AT&T Fiber customers.
On June 17, Citi analyst Michael Rollins added a '30-day upside short-term view' on the stock while maintaining a Buy rating and a $32 price target. The firm noted that the company is positioned to report another strong quarter, supported by potential early share repurchases. Despite heightened wireless promotions, (NYSE:T) is expected to deliver solid second-quarter results, with performance balanced between customer volume and financial metrics.
An experienced investor intently studying various charts of company performance to inform their stock selection process.
In addition, on May 22, Cramer made the following comment about the stock:
'I came out this, came out this morning very much in favor of ATT because of that 4% yield, but there's lots of other 4% yielders around these days.'
AT&T (NYSE:T) provides a broad range of telecommunications and technology services, including wireless voice and data, broadband, internet, and managed network solutions.
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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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