Verizon Stock Might Be a Steal After Expanding 5G Spectrum
Verizon (NYSE: VZ) hasn't been an investor favorite for more than a decade despite being one of the more profitable companies on the market. Investors don't like the large capital investment wireless communications requires and simply don't see Verizon as a growth stock.
That narrative could be changing as 5G wireless rolls out. Verizon may not see a lot of growth in 5G smartphone connections, but the number of overall connections and the value of the services it offers to millions of customers could increase quickly in the next few years. And its very reasonable valuation makes this a stock worth keeping a close eye on.
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Source Fool.com
