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Here’s How Much Investing $1,000 In AT&T Stock Back In 2010 Would Be Worth Today

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&amp;P 500’s (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way.” data-reactid=”19″>Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500’s (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="AT&amp;T’s Difficult Decade” data-reactid=”20″>AT&T’s Difficult Decade

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="One underperformer of the last decade was telecom and media giant AT&amp;T Inc. (NYSE: T).” data-reactid=”21″>One underperformer of the last decade was telecom and media giant AT&T Inc. (NYSE: T).

AT&T’s decade was defined by two major buyout deals that significantly expanded the company’s reach into the media space.

In 2015, AT&T announced a $48.5 billion buyout of direct broadcast satellite service provider DirecTV. In 2018, AT&T completed an $85.4 billion buyout of media giant Time Warner and its subsidiaries, including CNN and HBO. Following the two massive buyout deals, AT&T now has nearly $200 billion in debt.

AT&T shares started the 2010s trading at $28.58 and hit their decade low of $23.78 by the middle of 2010. AT&T shares then went on a tear over the next two years, peaking at $38.58 in mid-2012.

From there, AT&T spent most of the next three-plus years trading sideways in a wide range of between $32 and $38. The stock finally broke out to the upside in early 2016. AT&T ultimately peaked at $43.89 in mid-2016, its high point of the decade. Since then, slowing growth and mounting debt have weighed on the stock.

AT&T shares plummeted all the way down to $26.80 in late 2018 before rebounding once again to as high as $39.70 by the end of 2019

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="2020 And Beyond” data-reactid=”27″>2020 And Beyond

AT&T shares were hammered in early 2020 during the broad market COVID-19 sell-off, and the stock dropped to as low as $26.08, its lowest point since 2010. While the stock has since rebounded to around $30, it has still delivered underwhelming overall performance over the past 10 years.

In fact, $1,000 worth of AT&T stock in 2010 would be worth about $2,065 today, assuming reinvested dividends.

Looking ahead, analysts expect AT&T’s rebound to continue in the coming months. The average price target among the 25 analysts covering the stock is $34.30, suggesting 15.3% upside from current levels.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Related Links:” data-reactid=”31″>Related Links:

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Photo by Tdorante10/Wikimedia.” data-reactid=”34″>Photo by Tdorante10/Wikimedia.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”35″>See more from Benzinga

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”38″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article was originally published on Yahoo! Voices

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