U.S. telecom giant Verizon says it has secured its network after being targeted by the China-linked Salt Typhoon cyberespionage group.
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
If you have ever struggled with a dropped phone call, you might understand the frustration Verizon Communications (VZ -0.35%) has been for its shareholders. Despite the telecom giant being on track to end 2024 with a positive return, shares have deeply underperformed stock market benchmarks in recent years, losing about 15% of their value in the past five years compared to an 84% gain in the S&P 500 (^GSPC 1.10%) over the same period.
VZ has completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge.
Verizon's high dividend yield and potential benefit from lower interest rates make it an attractive investment despite slow growth and strong competition. VZ's economic moat is narrow, driven by its dominant position in Wireless and expanding Fiber segment through the Frontier acquisition. EPS is projected to grow modestly, with a fair value estimate of $48.86, offering a 22% upside from the current price.
In the most recent trading session, Verizon Communications (VZ) closed at $39.94, indicating a +0.03% shift from the previous trading day.
Verizon powers NORAD Tracks Santa Initiative for the 22nd consecutive year with its state-of-the-art solutions.
AT&T has outperformed Verizon Communications this year, but Verizon's current valuation makes it an attractive investment opportunity, earning it a solid 'buy' rating. Verizon's third-quarter revenue was flat year-over-year, with growth in consumer services offsetting declines in wireless equipment sales and business segment revenue. Despite a drop in profitability due to restructuring costs, Verizon's EBITDA showed a marginal increase, and its lower leverage compared to AT&T is a positive.
Verizon (VZ 0.21%) 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%.
VZ introduces the Enhanced Video Calling feature to ensure greater clarity during video communication and support various use cases.
In the latest trading session, Verizon Communications (VZ) closed at $41.99, marking a -0.73% move from the previous day.
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.