Better Telecom Stock: Verizon vs. AT&T
As the two largest U.S. carriers based on wireless subscriptions, Verizon Communications (NYSE: VZ) and AT (NYSE: T) are in an excellent position to benefit from the current growth in the U.S telecom market.
Customers are transitioning to faster, more powerful 5G wireless networks. This creates a multi-year opportunity for these companies to expand revenue as the U.S. market is forecast to reach $332.4 billion this year and $356.7 billion by 2028, up from $328.6 billion in 2022. Moreover, both companies' stock have drifted near 52-week lows, creating a potential buying opportunity.
But if you had to choose between these two telecom titans, which is the better investment? The answer isn't so straightforward. Let's take a look at each company to help you assess.
Source Fool.com
Verizon Communications Inc. Stock
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 7.1% compared to the current price of 40.15 € for Verizon Communications Inc..
