Is This Discounted Dividend Stock Worth Your Money?
U.S. telecom giant Verizon Communications (NYSE: VZ) has struggled, ceding customers to competitors like AT and T-Mobile over the past several quarters.
Dividend investors got some good news when the company released its Q1 earnings for 2023, though some common problems within the company keep rearing their heads. On the one hand, Verizon offers a generous Dividend yielding 6.7% at today's share price. But on the other, the stock has underperformed the broader market for years.
At a discounted valuation, is Verizon a rebound candidate worth considering? Or is this stock destined for mediocrity moving forward? Here is what you need to know.
Source Fool.com
Verizon Communications Inc. Stock
€38.04
-0.670%
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 7.8% for Verizon Communications Inc. compared to the current price of 38.04 €.
