It's Not Too Late to Buy Warren Buffett's Favorite Telecom Stock
Warren Buffett has invested in all three major U.S. wireless carriers, but Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) currently owns just one.
T-Mobile (NASDAQ: TMUS) has outlasted its peers AT (NYSE: T) and (NYSE: VZ) in Buffett's portfolio. Berkshire bought AT in mid-2015, only to turn around and sell it in the next two quarters. It bought Verizon stock a couple of times: once in early 2014, and it completely sold out by the end of 2016. It purchased Verizon stock again at the end of 2020 and early 2021, which the company disposed of about a year later.
But T-Mobile has been a small part of Berkshire's portfolio since mid-2020. And it's still there three years later. There's good reason for Buffett to like T-Mobile, and it's not too late to jump on board and buy shares yourself.
Source Fool.com
Verizon Communications Inc. Stock
With 24 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 7.56% compared to the current price of 38.12 € for Verizon Communications Inc..
