In 1964, one share of AT&T stock was valued at $47.875. AT&T, also known as American Telephone and Telegraph Company, was a major telecommunications company at the time. It played a significant role in the telecommunication industry, providing services such as long-distance calling, local telephone service, and telegraph communication.
During this period, AT&T enjoyed a near-monopoly in the telecommunications industry, providing services to millions of customers across the United States. The company's stock was highly regarded, offering stable returns to investors. AT&T was considered a blue-chip stock, known for its long history of consistent dividends.
Investing in AT&T stock during 1964 would have been a prudent choice for many investors looking for a reliable investment. Over the years, AT&T went through various changes, including its breakup in 1984 into several regional Bell operating companies, which eventually reconsolidated into the modern AT&T Inc.
It's important to note that the value of a share of AT&T stock has changed over time due to various factors such as stock splits, market fluctuations, and corporate developments. Therefore, the current worth of a share of AT&T stock from 1964 would depend on how it has fared and any subsequent changes or events that have occurred since then.
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