High dividends Stock : 8 telecom stock.

The telecommunications sector is generally not the first place investors look for high-growth stocks. However, telecom stocks can be great sources of long-term bullishness and a reliable dividend yield in an uncertain market. Many operators have consistent, predictable earnings and pay reliable quarterly dividends.

Telecommunications stocks generally trade at very reasonable valuations, making them an attractive defensive play during periods of market volatility. Additionally, several telecom companies have started to roll out global 5G networks after years of heavy investment in upgrades.

Here are eight telecom stocks that Morningstar’s analyst team recommends paying a dividend of at least 3%:

Stock	Dividend yield
Verizon Communications Inc. (Type: VZ)	6.9%
AT & T INC. (T)	5.9%
Deutsche Telekom AG (DTEGY)	3.2%
ECB Corporation	6.4%
Orange SA (Oran)	6.3%
Vodafone Group PLC	8.7%
Rogers Communications Inc	3.2%
Telenor ASA (TELNY)	7.9%

Verizon Communications Inc. (Type: VZ)

Verizon Communications is the largest wireless carrier in the United States. Verizon's recent growth numbers have been disappointing, says analyst Michael Hodel, but the stock is undervalued at current levels. Verizon reported 217,000 postpaid net customer additions in the fourth quarter, the highest rate of subscriber growth in 2022. However, the company also lost 392,000 customers when it shut down its 3G network. Hodel says Verizon will generate steady profits over the long term, and its earnings are impressive, but the company's growth will likely be modest. Morningstar has a "Buy" rating and a fair value estimate of $57 for VZ shares, which closed at $38.05 on March 27.

Dividend Yield: 6.9%

AT&T Inc. (T)

AT&T is an American diversified technology and communications company. Last year, AT&T received $40.4 billion in cash as part of TimeWarner's asset offering to Warner Bros. Discovery Inc. (WBD). Hodel says AT&T's strategy of investing heavily in its networks positions the company well for the long term. AT&T plans to expand its fiber services to 30 million homes by the end of 2025, an effort Hodel says will allow AT&T to better serve those locations and increase wireless coverage. Morningstar has a "Buy" rating and a fair value estimate of $25 for the T-share, which closed at $18.87 on March 27.

Dividend Yield: 5.9%

Deutsche Telekom AG (DTEGY)

Deutsche Telekom is Germany's leading telecommunications company. The stock was one of the best performers of the past year, with a total return of 31.3% on March 27th. Analyst Javier Corionero says Deutsche Telekom's decision to abandon investment in fiber-to-the-home, or FTTH, and instead modernize its copper networks in Germany has allowed the company to grow customers to faster broadband speeds and achieve industry-leading revenue growth in its wireline business line. German. Additionally, Deutsche Telekom owns approximately 50% of the shares of T-Mobile US Inc. Leader in Wireless Communications (TMUS). Morningstar has a "Buy" rating and a $26 price target for DTEGY shares, which closed at $23.60 on March 27.

BCE Corporation

BCE is Canada's largest telecommunications company, providing integrated communications services through its wholly owned subsidiary Bell Canada. Analyst Matthew Dolgin says the impressive growth in ECB's wireless market share doesn't translate into growth in wireline sales, but its shares are undervalued. The company added 63,000 new internet subscribers in the fourth quarter and 200,000 in 2022, representing an impressive 5% year-on-year growth. Dolgin says BCE is Canada's leading wireless communications provider, but that the company may have limited opportunities to increase average revenue per user due to the extremely competitive market. Morningstar has a "Buy" rating and a fair value estimate of $50 for ECB shares, which closed at $44.43 on March 27.

Orange SA (Oran)

Orange is France's leading telecommunications company. Corionero says Orange was the leading fiber optics manufacturer in France, which positioned the company to generate better unit economics over time. Over the last decade, says Corionero, Orange has maintained EBITDA, shown modest revenue growth and cut costs in the French market. He expects more of the same from Orange in the future. Orange is reportedly in talks to merge its underperforming Spanish assets with MasMovil. Morningstar has a "Buy" rating and a $14.50 price target for Oran shares, which closed at $11.81 on March 27.

Dividend Yield: 6.3%

Vodafone Group PLC

Vodafone is a leading telecommunications company in Germany, Italy and Spain. The stock is down 30.2% over the past year on March 27, the worst performance of any stock on this list. Correonero says the stock is an attractive value and investors should buy on the downside. He says Vodafone is enjoying very strong organic growth in Africa and the Middle East and should benefit from increased disposable income in these regions over time. Germany is Vodafone's biggest market, which Corionero says is a good thing given Germany's historical price stability. Morningstar has a "Buy" rating and a fair value estimate of $15 for VOD's stock, which closed at $10.91 on March 27.

Dividend Yield: 8.7%

Rogers Communications Inc

Rogers Communications is one of Canada's three largest national wireless operators. The company is looking to merge C$20 billion ($14.7 billion) with Shaw Communications Inc. (SJR), but the deal was opposed by the Competition Bureau of Canada on antitrust grounds. Rogers said he is committed to making any necessary concessions to complete the deal, but Dolgin says the proposed acquisition would be value neutral for investors if it goes through. Dolgin says Rogers' momentum in wireless subscriber growth and improvements in operational efficiency should continue into 2023. Morningstar has a "Buy" rating and a fair value estimate of $55 for RCI's stock, which closed at $45.96 on March 27th.

Dividend Yield: 3.2%

Telenor ASA (TELNY)

Telenor is Norway's leading telecommunications company. Correonero says Telenor has been raising prices in the northern market to offset higher costs from inflation. He says the company has significant pricing leverage and can continue to raise prices without losing subscribers thanks to its dominant market share in Norway. Telenor's business is mature and growing slowly, Corionero says, but it generates significant free cash flow that it uses to fund capital returns. Looking ahead, rising wireless data consumption in Asia is one of the key drivers of Telenor's growth. Morningstar has a "Buy" rating and a fair value estimate of $14 for TELNY shares, which closed at $11.75 on March 27.

Dividend Yield: 7.9%

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