Better Telecom Stock: Verizon or Rogers Communications?
Verizon Communications (NYSE: VZ) and Rogers Communications (NYSE: RCI) are well-connected telecom companies that are on the rebound. So far this year, Verizon's shares are up more than 11%, and Rogers' shares are up less than 1% after climbing more than 42% over the past year.
Both companies dominate their countries' wireless business with only a handful of real competitors. Verizon shares the U.S. wireless crown primarily with AT and T-Mobile US. Rogers controls the Canadian landscape alongside Bell Mobility and Telus. High barriers to entry safeguard their massive infrastructure investments as they continue to spend big on 5G and 6G networks.
Here are two reasons why I like each of these stocks.
Source Fool.com
Verizon Communications Inc. Stock
€41.90
0.050%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 43 € shows a slightly positive potential of 2.64% compared to the current price of 41.9 € for Verizon Communications Inc..
