Is Verizon Stock a Buy?
(NYSE: VZ) is often considered a stable income play because it's one of the top telecom companies in the U.S. and pays a hefty forward dividend yield of 6.4%. But over the past five years, its stock actually declined more than 30%. Even after including reinvested dividends, it delivered a negative total return of 9%.
Verizon lost its luster as it struggled with the sluggish growth of its core wireless business, declining margins, and high debt levels. But at nine times forward earnings, could it be a great turnaround play for value-seeking income investors?
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Source Fool.com
Verizon Communications Inc. Stock
€40.67
-0.700%
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 5.73% compared to the current price of 40.67 € for Verizon Communications Inc..
