Is Verizon Communications Stock a Buy Now?
For most of the past decade, Verizon Communications (NYSE: VZ) has given its shareholders little to cheer about. The stock has woefully underperformed compared to the broader stock market. But over the past 12 months, that has changed: Verizon has beaten the market, with a total return of 45% to the S 500's 34%.
Verizon is getting a twofold benefit from the prospect of falling interest rates. Because it borrows often and is carrying a lot of debt on its books, lower rates will help cut its interest expenses. Additionally, as the rates offered by savings accounts and low-risk interest-bearing assets fall, investors seeking income will naturally gravitate to high-yield dividend stocks like Verizon.
Of course, the question is whether Verizon is a buy right now. Was Verizon's 2024 rebound from its decade low the start of something great, or just a temporary blip?
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 2.64% compared to the current price of 41.9 € for Verizon Communications Inc..
