Did Verizon Stock Have on Off Year in 2023? Does It Matter to Investors?
Telecom can be a good industry to invest in if you're looking for long-term stability and dividend income. But that doesn't mean you'll get great returns. Verizon Communications (NYSE: VZ) is one of the top telecom stocks in the country, and it has struggled in 2023. Year to date, its share prices are down 4%, while the S 500 jumped by more than 23%.
Is this really a bad year for Verizon, or is this just the norm? And even if its gains aren't impressive, could this still be a good investment to hang on to for the long haul?
Unfortunately, this year isn't that much of an anomaly for Verizon's stock. Neither being down in negative territory nor underperforming the S 500 is unusual territory for the stock. Here's a comparison of how it has done versus the broad index in the previous 10 years.
Source Fool.com
Verizon Communications Inc. Stock
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 7.9% compared to the current price of 37.07 € for Verizon Communications Inc..
