This Dividend Stock Looks Like a Bargain Going Into 2024
The telecommunications sector is ripe with competition, with products and services becoming increasingly commoditized. As a result, major players in the space are forced to compete on price -- a dynamic that can impact a company's bottom line.
But amid the competitive landscape, one company in the industry looks potentially undervalued. Verizon Communications (NYSE: VZ) may not be a company that is synonymous with monster growth, but its combination of strong cash flow and a high dividend yield could make it attractive for passive income investors.
Let's dig into Verizon's business and assess why 2024 could be a great time to open a position.
Source Fool.com
Verizon Communications Inc. Aktie
36,40 €
-0,56 %
Klarer Community-Favorit: Verizon Communications Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Dadurch ergibt sich bei einem Kursziel von 41 € ein leicht positives Potenzial von 12.64% im Vergleich zum aktuellen Kurs von 36.4 € bei Verizon Communications Inc..
