Where Will Verizon Communications Be in 5 Years?
Telecommunications company Verizon Communications (NYSE: VZ) is the largest wireless carrier in the United States, with over 37% of the market. The company is also an outstanding dividend stock with a 6.2% dividend yield today and an ongoing streak of 18 consecutive annual dividend raises.
So, if you're looking for passive income to cover your living expenses or to reinvest and supercharge your portfolio's compounding, Verizon is a great candidate for you right now.
But what about moving forward? The telecom industry is notoriously competitive among the few companies that dominate the U.S. market, and there's a constant need to spend to maintain and upgrade the vast infrastructure that makes wireless communications work.
Source Fool.com
Verizon Communications Inc. Stock
€34.83
1.550%
Verizon Communications Inc. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
With a target price of 43 € there is a positive potential of 23.46% for Verizon Communications Inc. compared to the current price of 34.83 €.
