7 Cheap Rising Stocks to Invest In

5. AT&T Inc. (NYSE:T)

FWD PE Ratio: 10.02

1-Month Stock Price Performance: 10.83%

Number of Hedge Fund Holders: 71

A cheap rising stock to invest in, AT&T Inc. (NYSE:T) is a leading global provider of telecommunications and technology services, operating through two primary segments, Communications and Latin America.

The Communications segment offers a wide range of wireless voice and data services, along with selling devices such as handsets and wireless data cards. The segment also includes offerings like Virtual Private Networks, AT&T Dedicated Internet, and Ethernet services. Moreover, it provides broadband solutions, fiber connections, and more. The various products and services under this segment are marketed using well-known brands such as AT&T, AT&T Business, Cricket, AT&T PREPAID, and AT&T Fiber.

AT&T’s (NYSE:T) Latin America segment extends its reach by offering both postpaid and prepaid wireless services in Mexico through the AT&T and Unefon brands, along with the sale of smartphones via owned stores, agents, and third-party retailers. The geographical diversity allows it to capture a broader customer base and respond to regional demands effectively.

Bloomberg reported recently that its DirecTV has been involved in advanced negotiations to merge with Dish, according to people familiar with the matter. Such a move, if it happens, would create the largest pay-TV provider in the United States, combining nearly 20 million subscribers.

The industry is grappling with challenges, including a decline in traditional pay-TV subscriptions. While previous discussions regarding a DirecTV-Dish merger faced regulatory hurdles, the evolving landscape, marked by a significant shift towards streaming services, may ease these concerns this time around.

Such a merger would improve the competitive position of the combined entity and improve its ability to compete against cable operators and major streaming platforms. Lastly, according to the people familiar with the matter, DirecTV is negotiating to take charge of the merged entity, which will operate as a private company.