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NYSE:VZ
This summary was created by AI, based on 5 opinions in the last 12 months.
Verizon Communications (VZ-N) presents a mixed outlook according to various experts. On one hand, the stock is currently down 6.5% due to a restructuring charge, offering a potentially attractive entry point for investors looking for yield, as it boasts a dividend yield around 6.5% to 6.7%. However, the company faces headwinds such as a global memory chip shortage that may limit its revenue growth prospects going forward. There are positive signs, like the stock appreciating 18.6% over the past six months following the appointment of a new CEO. Yet, some analysts caution that it may be wise to consider taking profits, as growth appears limited and the stock might decline further. Overall, while the strong dividend is appealing, the lack of significant growth makes it a less-than-stellar long-term investment option.
Recent share price has been strong due to overselling after the pandemic. Lots of debt a concern for investors. Could be a good time for investors. Good treasury management has resulting in good debt load execution. Telecom demand not going away, however investors must weight against other options in the market.
The price historically has been flat and the average price target is about $40 - the price is now around $38. The dividend yield is about 7% but is not eligible for the dividend tax credit since it is a U.S. stock. If you buy, it should only be for a registered account. Canadian Telecoms have done better than ones in Europe but have been under some pressure to reduce their prices.
Our PAST TOP PICK with VZ has triggered its stop at $39. To remain disciplined, we recommend covering the position at this time.