Is Verizon Communications Stock a Buy Now?
Verizon Communications (NYSE: VZ) posted its second-quarter earnings report on July 25. The telecom giant's revenue fell 3.5% year over year to $32.6 billion, which missed analysts' estimates by $720 million and marked its second consecutive quarter of declining revenue. Its adjusted EPS fell 8% to $1.21 but still cleared the consensus forecast by four cents.
Verizon's stock barely budged after the report, but it remains 36% below its all-time high from December 2020. Does that massive pullback, which boosted its forward dividend yield to 7.6%, make it a worthwhile investment for patient income investors?
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Source Fool.com
Verizon Communications Inc. Stock
€37.95
-0.330%
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 8.05% compared to the current price of 37.95 € for Verizon Communications Inc..
