AT&T also provides data, voice, security, cloud solutions, outsourcing and managed and professional services, as well as customer premises equipment for multinational corporations, small and midsized businesses, and governmental and wholesale customers. In addition, it offers broadband fiber and legacy telephony voice communication services to residential customers.
The company markets its communications services and products under the AT&T, Cricket, AT&T Prepaid and AT&T Fiber brand names. The company’s Latin America segment provides wireless services in Mexico and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names.
AT&T stock investors receive a 5.74% dividend. The Raymond James target price is $26, while the consensus target is $24.64. The stock closed on Wednesday at $19.95.
IBM
This blue-chip giant still offers investors an incredibly solid entry point. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.
Its Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solution. It also offers software for business automation, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threat, data and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines and retail industries.
The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services, as well as technology consulting services and application and cloud platform services.
The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads, support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment.
Last month, IBM posted stellar first-quarter earnings that beat estimates on the top and bottom lines as the company continues to make progress on its huge restructuring initiative.
Investors receive a 4.98% dividend. The BofA Securities price target of $165 compares with a $144.16 consensus target for IBM stock. Wednesday’s closing print was $137.40.
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