Better Telecom Stock: AT&T vs. Verizon
Shares of AT (NYSE: T) and Verizon Communications (NYSE: VZ) are enjoying a resurgence in 2024 after hitting a 52-week low of $15.46 and $35.40, respectively, last November. Year to date, AT stock is up by more than 30% while Verizon is up by about 7% through Nov. 11.
In addition, both offer robust dividends. At their current share prices, AT's forward dividend yield is about 5% while Verizon's is more than 6%.
With both stocks' performances improving compared to last year, and with both looking like solid sources of passive income, does one telecom titan make a better long-term investment than the other now? The answer isn't simply a matter of picking the one with the higher dividend yield.
Source Fool.com
Verizon Communications Inc. Stock
€34.48
0.160%
Verizon Communications Inc. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
With a target price of 43 € there is a positive potential of 24.71% for Verizon Communications Inc. compared to the current price of 34.48 €.
