Is Verizon stock good long-term? (2024)

Is Verizon stock good long-term?

"The longer term fundamentals of Verizon

Verizon
The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon. The approval came with 25 stipulations to preserve competition between local phone carriers, including investing in new markets and broadband technologies.
https://en.wikipedia.org › wiki › 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.

Where will Verizon stock be in 5 years?

According to the latest long-term forecast, Verizon price will hit $40 by the middle of 2024 and then $45 by the middle of 2025. Verizon will rise to $50 within the year of 2026, $60 in 2027, $65 in 2028, $70 in 2029, $75 in 2030, $80 in 2031, $85 in 2033, $90 in 2034 and $95 in 2035.

What is the future of Verizon stock?

VZ Stock Forecast FAQ

Based on analyst ratings, Verizon's 12-month average price target is $44.39. What is VZ's upside potential, based on the analysts' average price target? Verizon has 5.79% upside potential, based on the analysts' average price target.

Should I hold on to Verizon stock?

- 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.

Is Verizon stock better than AT&T?

AT&T edges out Verizon

However, from a valuation perspective, AT&T is clearly the cheaper stock, trading at a forward P/E of under 8 times versus over 9 times for Verizon. The valuation gap could be due to AT&T's earlier dividend cut, but it has been narrowing.

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 ...

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.

What will Verizon stock be worth in 2030?

Long-Term Verizon Communications Stock Price Predictions
YearPredictionChange
2027$ 37.92-4.84%
2028$ 37.30-6.41%
2029$ 36.69-7.94%
2030$ 36.09-9.45%
2 more rows

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.

What is the fair value of Verizon stock?

Verizon Intrinsic Value - Valuation Summary
RangeUpside
Fair Value13.81 - 13.81-65.91%
P/E34.31 - 45.14-0.6%
EV/EBITDA33.73 - 71.4417.8%
EPV45.65 - 76.2150.4%
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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.

Should I buy sell or hold Verizon stock?

Verizon Inc.'s market capitalization is $178.73 B by 4.20 B shares outstanding. Is Verizon stock a Buy, Sell or Hold? Verizon stock has received a consensus rating of hold. The average rating score is Baa1 and is based on 26 buy ratings, 31 hold ratings, and 2 sell ratings.

Why is Verizon a good company to invest in?

Verizon has a fairly long history of growing its dividends for 17 years on the trot (most of the other stocks in this industry have barely been able to keep it up for beyond a year), and over the last three years it has been growing at a decent pace of roughly 2% p.a. Given where the stock is currently, investors can ...

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).

Why should I switch from AT&T to Verizon?

Switching carriers can be a great way to reduce the cost of your wireless bill and, with a move to Verizon, improve the quality of your service with 5G speeds, designed for streaming, gaming and more.

Is AT&T buying Verizon towers?

More than 1 million Verizon customers in 18 states now are AT&T subscribers, but their plans wont change for a while. AT&T Inc. has wrapped the acquisition of Verizon Wireless assets in a number of states, but Verizon customers plans and coverage will stay the same for about the next year.

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.

How many times did Verizon stock split?

Verizon stock (symbol: VZ) underwent a total of 6 stock splits.

Who is the largest Verizon retailer?

Victra. The Largest Verizon Authorized Retailer.

What is the best dividend company of all time?

Some of the greatest dividend stocks on Earth are brand-name, time-tested companies that have been increasing their payouts for decades. Perfect examples include Johnson & Johnson (NYSE: JNJ) and Coca-Cola (NYSE: KO), which have each increased their base annual payouts for 61 consecutive years.

What are the 10 best stocks that pay dividends?

15 Best Dividend Stocks to Buy for 2024
StockDividend yield
Hormel Foods Corp. (HRL)3.4%
Verizon Communications Inc. (VZ)6.7%
Mid-America Apartment Communities Inc. (MAA)4.5%
Grupo Aeroportuario del Pacifico SAB de CV (PAC)5.7%
11 more rows
Mar 15, 2024

What are the best dividend stocks to buy and hold forever?

7 Dividend Kings to Buy and Hold Forever
StockDividend yieldDividend growth streak
Procter & Gamble Co. (PG)2.4%68 years
3M Co. (MMM)6.5%65 years
Coca-Cola Co. (KO)3.3%61 years
Johnson & Johnson (JNJ)3.2%61 years
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3 days ago

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.

Is Verizon going to grow?

Outlook and guidance

For 2024, Verizon expects the following: Total wireless service revenue growth2 of 2.0 percent to 3.5 percent. Adjusted EBITDA growth1 of 1.0 percent to 3.0 percent.

Is Apple a good buy now?

Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 10 hold ratings and 1 sell ratings. What is Apple's price target? The average price target for Apple is $202.76. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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