Verizon Communications (VZ) is a well-recognized player in the telecom sector. Its
6.5%-yielding dividend grows consistently, providing a safety net for risk-averse investors despite the stock witnessing a tiny dip in recent times. Despite this minor setback,
institutional owners who hold almost 64% of the company are not going to be largely affected due to a solid history of returns. It's crucial to note that the company's earnings have
surpassed estimates for Q1 and Q2 of 2024, with the figures further getting a significant boost from
strong wireless service revenue growth and
solid cash flow. Furthermore, the company's progress in metrics such as customer growth and
broadband momentum contributes positively to investor sentiment. Despite some perceived capital allocation issues, this stock remains an attractive option for
income-focused investors. Looking ahead, Verizon plans to announce its earnings shortly, which could provide additional insight into the company's operational health. Interestingly, due to its consistent performance and strong earnings track record, Verizon has been identified among the best-performing telecom stocks in 2024 and appears to be a
trending stock worth considering.
Verizon Communications VZ News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 18:08:50 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 3
