Verizon Communications Inc. (VZ) is taking significant strides in its
5G applications and has teamed up with the tech giant,
NVIDIA, to offer
AI-powered solutions with 5G private networks for enterprise clients. Despite some pitfalls, the
stock displays steady growth, with a notable number of
brokerages suggesting an average price target of $46.51.
Principal Financial Group Inc. and other financial groups show interest in the telecom company, further adding to the attractiveness of the stock for investors. In recent news, the company JV with NVIDIA to power AI apps over 5G private networks, affirming its dividends, and leads with strong third quarter results. However, Verizon's return on capital has raised concerns among analysts. Moving forward,
Verizon shows potential for strong dividends and is positioned as a leading telecom stock for 2024. Despite daunting forecasts from Zack's Research and sluggish stock performance, the
company persists in its pursuit of growth by securing significant partnerships and major market transactions like the $3.3b tower transaction with Vertical Bridge.
Investors have also shown a high level of interest in the company with some reports highlighting the company's 43% return in the past year.
Verizon Communications VZ News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 21 Dec 2024 14:07:59 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 4
