
NYSE:VZ
This summary was created by AI, based on 6 opinions in the last 12 months.
Verizon Communications (VZ) has experienced significant stock movement lately, with a notable increase of 18.6% in the past six months, largely influenced by a change in leadership with the appointment of a new CEO. However, experts express mixed sentiments about its future growth prospects due to the global memory chip shortage, which diverts resources to more lucrative areas like AI. Despite the strong recent performance and a healthy 6.7% dividend yield, some analysts caution that the stock may lack growth potential and could experience further declines in the coming months. There is also a prevailing sentiment that the stock functions more like a bond, appealing to investors seeking steady income rather than capital growth. Overall, while it remains a reliable performer for income-focused investors, the lack of growth raises concerns about its long-term attractiveness.
Cheapest it's been for 35 years. Balance sheet has seen beautiful, steady growth. Intrinsic value has slipped somewhat. Lots of upside potential to FMV. A meeting of supreme value, extreme cheapness, and excellent yield. He's not looking for exciting, he's looking for his 7% return. Terrific dividend of 6.92%.
(Analysts’ price target is $44.10)
It pays a 7% dividend but has incredible competition in the U.S. With only 1 to 2% revenue growth, look elsewhere. The sector is better in Canada.