A Tale of 2 Telecoms: Is AT&T or Verizon Stock the Better Buy?
This has been a tumultuous year for many stocks -- among them, stalwarts AT&T (NYSE: T) and Verizon (NYSE: VZ). As telecom giants, both of these blue-chip dividend payers are usually fairly stable investments, the kind that can offer a measure of shelter when economic storms are raging. But not in 2022.
Both touched their 52-week lows in October. But while AT&T has rebounded strongly since then thanks to a well-received third-quarter earnings report, Verizon shares have not moved as dramatically.
The disparate directions of their share price moves reflect the different headwinds their businesses have faced in 2022. Both are experiencing this year's uncertain macroeconomic environment in different ways. Given this, it may not be immediately obvious to investors which telecom behemoth is the superior stock buy now.
Source Fool.com
