Better Telecom Stock: AT&T vs. Verizon
Amid recent stock market volatility, the telecom sector offers some respite. Telecom stocks are relatively stable because of the ubiquity and importance of mobile devices in society, allowing telecoms to produce reliable revenue and free cash flow (FCF).
As a testament to this, while many stocks plunged in the past few weeks, shares of telecom giant AT (NYSE: T) hit a 52-week high of $29.03 in April, while rival Verizon Communications (NYSE: VZ) reached its high of $47.35 in March.
As two of the biggest telecom companies in the U.S., AT and Verizon make compelling investments. The challenge is choosing between the two competitors. This decision is not straightforward, so let's unpack which looks like the better investment for the long haul right now.
Source Fool.com
Verizon Communications Inc. Stock
Verizon Communications Inc. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
On the other hand, the target price of 43 € is below the current price of 43.24 € for Verizon Communications Inc., so the potential is actually -0.56%.
