Will Verizon Or AT&T Stock Grow More By 2022

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Will Verizon Or AT&T Stock Grow More By 2022
AT&T [Public domain], via Wikimedia Commons

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

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We surveyed a group of over 300 investors on whether shares of AT&T Inc. (NYSE:T) or Verizon Communications Inc (NYSE:VZ) stock would grow the most by 2022.

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AT&T vs Verizon Stock

In 2020 wireless communication remains AT&T's largest business, contributing nearly 40% of revenue. As the second- largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 63 million postpaid and 16 million prepaid phone customers.

The consumer and entertainment segment, the company’s second-largest revenue stream,  includes the consumer fixed-line and DirecTV satellite television businesses, serving 20 million television and 14 million Internet access customers.

Meanwhile, Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). The company serves about 89 million postpaid and 4 million prepaid phone customers. Verizon connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier.

5G Cellular Technology Competition

As AT&T and Verizon are the nation’s largest wireless carriers, it’s expected they will be the most competitive companies angling for the largest market share of 5G cellular technology in the coming years.

Many respondents cited how they see Verizon leading the way in providing the most reliable 5G coverage in the near-term, and also cited the current video streaming partnership the company holds with Walt Disney Co (NYSE:DIS) and music streaming partnership with Apple Inc (NASDAQ:AAPL) as reasons Verizon’s all the more attractive in 2021.

62% of traders told us Jumia will grow more over the next year, while 38% believe AT&T will experience greater gains by the end of 2022.

This survey was conducted in December 2020 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 300 adults.

Henry Khederian contributed to this report.

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