Is it good to invest in Verizon stock? (2024)

Is it good to invest in Verizon stock?

"The longer term fundamentals of Verizon

remain in good shape, with consistent results and mostly domestic, predictable, recurring revenue. With a 6.5% dividend yield, we believe the shares remain attractive." Meanwhile, Verizon stock was up nearly 11% in 2024 as of April 7. Also, Verizon stock retreated 4% in 2023.

Is Verizon a good stock to invest in?

Fair Value Estimate for Verizon

With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.

What is the future of Verizon stock?

Based on short-term price targets offered by 19 analysts, the average price target for Verizon Communications comes to $44.66. The forecasts range from a low of $36.00 to a high of $50.00. The average price target represents an increase of 11.21% from the last closing price of $40.16.

What is a better stock to buy AT&T or Verizon?

In terms of dividend yield, dividend coverage ratio, balance sheet strength, and revenue growth, AT&T just edges out Verizon on all accounts, although the differences are generally small.

Where will Verizon stock be in 5 years?

According to the latest long-term forecast, Verizon price will hit $45 by the middle of 2025 and then $50 by the end of 2026. Verizon will rise to $60 within the year of 2027, $65 in 2028, $70 in 2029, $75 in 2030, $80 in 2031, $85 in 2033, $90 in 2034 and $95 in 2035.

Is Verizon a good stock to hold long term?

This makes Verizon stock a buy for 2024, and its high-yield dividend, combined with a long streak of increases, means you'll also collect passive income by holding on to this investment over the long term. Robert Izquierdo has positions in Verizon Communications. The Motley Fool recommends Verizon Communications.

Who owns most of Verizon stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...

Is Verizon a dividend paying stock?

VZ pays a dividend of $0.67 per share. VZ's annual dividend yield is 6.45%. When is Verizon ex-dividend date? Verizon's upcoming ex-dividend date is on Apr 09, 2024.

Is Verizon in debt?

Total debt on the balance sheet as of December 2023 : $174.94 B. According to Verizon's latest financial reports the company's total debt is $174.94 B. A company's total debt is the sum of all current and non-current debts.

What are the best dividend stocks to buy?

Right now, Pfizer (NYSE: PFE) and Altria Group (NYSE: MO) stand out among dividend stocks. Both have raised their payouts every year for over a decade. Plus, they offer yields above 6% at the moment, and there's a good chance they'll keep raising their payouts over the long run.

Is Verizon a buy sell or hold?

- Hold. Zacks' proprietary data indicates that Verizon Communications Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the VZ shares relative to the market in the next few months.

Why is Verizon stock losing money?

This resulted from postpaid upgrades falling by 17.9% from the prior-year period. The issues for Verizon trickled down to its bottom line as well. The company posted a net loss in Q4 of $2.6 billion, or $0.64 per share, based on generally accepted accounting principles (GAAP).

Is AT&T stronger than Verizon?

AT&T 4G coverage can't quite touch Verizon's, but its low-band 5G coverage easily exceeds that of its rival even if, by using the same frequencies as 4G, it isn't that much faster. The advantage returns to Verizon with Ultra-Wideband 5G, which Verizon has in parts of many more cities than AT&T.

What is the fair value of Verizon stock?

Is Verizon a dividend growth stock?

Dividend history for stock VZ (Verizon Communications Inc.) including dividend growth rate predictions based on history. Info: Assuming annual dividend growth rate of 2.04%, dividends double every 34.2 years.

What company did Verizon buy out?

In September 2020, Verizon announced its plans to acquire TracFone Wireless (a business unit of Mexican telecom business, America Movil) for $6.25 billion. The deal was approved by the FCC on November 22, 2021, and closed the following day.

What's the best stock to buy and hold forever?

Is Verizon good 2024?

Still, for most people, Verizon has some of the best phone plans with LTE and basic 5G offering plenty of speed for most applications, and if you're bringing an entire family to the carrier, the extra savings could be well worth it.

What are the safest stocks to buy long term?

Did T Mobile buy Verizon?

The carrier will pay its rival nearly $2.37 billion and give it spectrum worth $950 million for some valuable low-frequency bands to help build its LTE network.

Is AT&T buying Verizon?

Large investment groups competed with AT&T for the assets and this resulted in AT&T paying $2.35 billion cash for certain Verizon assets in 18 states. It did not result in AT&T owning all of Verizon's assets. Each company has its own network.

Who is the largest Verizon retailer?

Victra. The Largest Verizon Authorized Retailer.

How often does Verizon pay a dividend?

Verizon Communications Inc.'s ( VZ ) ex-dividend date is April 9, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Verizon Communications Inc. ( VZ ) pays dividends on a quarterly basis.

How long do you have to own a stock to get a dividend?

Investors must have bought the stock at least two days before the official date of a dividend payment (the "date of record") in order to receive that payment. The company pays out the dividend to shareholders.

How often do Verizon employees get paid?

Every two weeks. Payday is every 2 weeks.