This Dividend Stock Looks Like a Bargain Going Into 2024
The telecommunications sector is ripe with competition, with products and services becoming increasingly commoditized. As a result, major players in the space are forced to compete on price -- a dynamic that can impact a company's bottom line.
But amid the competitive landscape, one company in the industry looks potentially undervalued. Verizon Communications (NYSE: VZ) may not be a company that is synonymous with monster growth, but its combination of strong cash flow and a high dividend yield could make it attractive for passive income investors.
Let's dig into Verizon's business and assess why 2024 could be a great time to open a position.
Source Fool.com
Verizon Communications Inc. Stock
€37.50
-0.240%
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 6.68% compared to the current price of 37.5 € for Verizon Communications Inc..
