3 Reasons to Buy Verizon Stock While It's Down by Nearly Half
It's been a tough past three years for Verizon Communications (NYSE: VZ) shareholders. The stock price is down 40% from its late-2020 highs, bouncing back slightly from a new multiyear low reached just last month. The wireless market's saturation and the subsequent sales slowdown are anything but inspirational.
This stock's steep sell-off, however, is a buying opportunity. The foreseeable future isn't likely to look a whole lot like the recent past. Indeed, Verizon's got three things going for it now that aren't being factored into the stock's price. In no particular order:
Most broadband internet connections in the United States utilize a cable television company's or phone company's existing lines, although fiber optic connections are becoming relatively common as well. There's a fourth viable option, however, that's coming on strong. That's fixed wireless access (FWA).
Source Fool.com
Verizon Communications Inc. Aktie
Die Community bevorzugt klar Verizon Communications Inc. mit vielen Buy- und nur wenigen Sell-Einschätzungen.
Das Community-Kursziel von 42 € für Verizon Communications Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 36.94 € hin.
