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
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 41 € there is a slightly positive potential of 7.61% for Verizon Communications Inc. compared to the current price of 38.1 €.
