Verizon Communications Inc. (VZ) continues to be a notable entity in the investor space having seen significant market activity. It has made a potential acquisition of Frontier Communications, which has been suggested as appealing amid industry calls for 'convergence'. Despite mixed trading behaviour, Verizon's stock gained marginal increments due to an analyst upgrade with its price target raised to $49 at Citi. The constant dividend increase for the 18th year underpins reliability.
Unfortunately, over the past five years, certain investors have seen a 5.4% loss. On the brighter side, there were notable returns of around 43% in the past year. The company has been termed a trending stock with a new price target of $49.00 backed by Citigroup. Institutional investors remain heavily invested in the company holding about 64% stake.
In recent reports, Verizon has closed a sponsorship deal for FIFA World Cup and is set to become a leading player among top 5G stocks. Delivering mission-critical connectivity to South Carolina Army National Guard and providing 5G connectivity to electric fleets exemplifies diversity in action. Q2 Earnings surpassed estimates and despite revenue misses, they have bolstered the share price.
Verizon Communications VZ News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Fri, 27 Sep 2024 17:20:53 GMT - Rating 7 - Innovation 4 - Information 8 - Rumor -3
