In the midst of market fluctuation,
Verizon Communications (VZ) stock has seen both spikes and dips recently. Despite perceived underperformance, many investors and firms such as Meyer Handelman Co. and Boston Common Asset Management LLC have increased their stake in the company. Even as the company lags behind the market, its returns on capital, along with 64% institutional ownership, suggest a solid position. Traders have also elevated the call volume on VZ, indicating a bullish outlook. Furthermore, the telecom company's partnership with
MSG Family and the expansion in its
5G network are considered potent strengthening factors. On a less positive note, Verizon's heavy dominance by institutional owners and its acquisition of Frontier has raised eyebrows. Meanwhile, Oppenheimer has shared a bullish outlook on telecom leaders, including VZ, which enjoys a
'Moderate Buy' consensus from analysts. The company's upcoming dividend will be larger than last year's at
$0.6775, and its Q2 Earnings surpassed estimates. Lastly, Verizon's strategic positioning amid the top telecom stocks for passive income makes it an attractive choice for many investors.
Verizon Communications VZ News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Sat, 12 Oct 2024 13:27:48 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor 3
