Verizon stock currently trades at about $40 per share, 33% below the levels seen on May 10, 2021 (pre-inflation shock high) of $59. In comparison, peer T-Mobile has seen its stock gain about 25% over the same period.
Verizon Communications (VZ) closed at $39.46 in the latest trading session, marking a -0.53% move from the prior day.
Verizon stock has outperformed the S&P 500 for the past year, with a 23.1% total return. But I believe we haven't seen anything yet. Stable operating metrics, decreasing debt, and potential for margin expansion make VZ a compelling investment opportunity, in my view. My updated DCF model suggests the Company is undervalued by 46.25%, excluding the attractive dividend yield, which significantly adds value to the stock.
Income investors should embrace higher yields while interest rates remain at (hopefully) their peak. With one Fed rate cut likely in the cards later this year, we've pretty much seen a “reset” of expectations of sorts.
Verizon has hiked its payout for 17 consecutive years. Investors have good reason to question the dividend's sustainability.
Verizon Communications (VZ) closed the most recent trading day at $40.41, moving -1.29% from the previous trading session.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
In the closing of the recent trading day, Verizon Communications (VZ) stood at $41.56, denoting a +1.42% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
VZ offers a potential capital gain opportunity with a risk to reward ratio of greater than 1:3. Technical analysis tools show that VZ is trading above a rising 30-week EMA and has bullish momentum. Volume patterns suggest that smart money has been accumulating shares of VZ, while relative strength is neutral.
Verizon is offering a high yield to investors. The wireless carrier has increased the dividend for 17 consecutive years.
The dividend yield makes the stock worth looking at. Verizon should continue to generate stable earnings.