Opinions
Paul Harris, CFA
Verizon Communications
VZ-N
COMMENT
Jul 04, 2014
Stock price when the opinion was issued
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Premium contentVerizon Communications Inc., commonly known as Verizon, is a multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. Social media mentions are up 122% in the past 24h.
Premium contentVerizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. Social media mentions are up 1300% in the past 24h.
US telecom sector is cheaper than the Canadian one. You are not going to see a tremendous upside in the stocks. They are much more fairly valued, so you are going to get the dividend plus maybe 5%-6% growth in the stock price. This company has some potential good growth opportunities because they now own all the wireless assets. You should get a nice 10% rate of return on this.