
NYSE:VZ
This summary was created by AI, based on 6 opinions in the last 12 months.
Verizon Communications (VZ-N) has recently made headlines with the appointment of a new CEO, which has translated into a notable 18.6% increase in share prices over the past six months. Despite this positive momentum, there are mixed opinions on the stock's future performance, particularly in light of recent earnings reports which were said to be spectacular but may not be indicative of sustainable growth. Experts caution about external factors like the global memory chip shortage affecting revenues, with some suggesting it might be wise to take profits while still enjoying the healthy 6.7% dividend. There is a prevailing sentiment that VZ operates a steady, bond-like presence in the market; however, several experts point out a lack of growth potential, arguing that long-term investors should focus on growth rather than just income. Overall, VZ appears to be seen as a safe, income-generating investment, but one that might lack the excitement of significant upward mobility.
The entry into Canada is going to be interesting but there are going to be some obstacles. Pretty decent yield and it is pretty safe as well. You are probably looking at 9%-10% long-term growth and paying about 18X earnings so it is not necessarily cheap. Telecom is a defensive space. He prefers Consumer Staples a little bit more than Telecoms. However, he thinks this is a keeper. (See Top Picks.)
He doesn’t own any communication stocks. Would wait for a pullback to about $47. Likes US communication business a little better.