Is Verizon Communications Stock a Buy Now?
Verizon Communications (NYSE: VZ) posted its second-quarter earnings report on July 25. The telecom giant's revenue fell 3.5% year over year to $32.6 billion, which missed analysts' estimates by $720 million and marked its second consecutive quarter of declining revenue. Its adjusted EPS fell 8% to $1.21 but still cleared the consensus forecast by four cents.
Verizon's stock barely budged after the report, but it remains 36% below its all-time high from December 2020. Does that massive pullback, which boosted its forward dividend yield to 7.6%, make it a worthwhile investment for patient income investors?
Image source: Getty Images.
Source Fool.com
Verizon Communications Inc. Aktie
37,20 €
-0,75 %
Die Verizon Communications Inc. Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Ein positives, wenn auch bescheidenes, Potenzial für Verizon Communications Inc. mit einem Kursziel von 42 € im Vergleich zum aktuellen Kurs von 37.2 €.
