AT&T vs. Verizon: Which Telecom Stock Is a Better Buy?
Telecom titans AT (NYSE: T) and Verizon Communications (NYSE: VZ) make attractive investments given their high-yield dividends, both around 7% at the time of this writing. Shares are also well off their 52-week highs, providing a good opportunity to buy.
Certainly, 2023 delivered ups and downs for these two wireless carriers. Both were embroiled in controversy over the summer after news broke of lead-sheathed cables in their telecommunications networks. This stirred up concerns over potential liability, which caused their stocks to sink.
The lead issue now appears put to rest since tests showed no signs of health risks. And after both companies delivered solid third-quarter results, things are looking up. In fact, Verizon stock shot up more than 9%, its best day in nearly 15 years, after the company reported earnings on Oct. 24.
Source Fool.com
Verizon Communications Inc. Stock
We see a rather positive sentiment for Verizon Communications Inc. with 20 Buy predictions and 1 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 12.18% for Verizon Communications Inc. compared to the current price of 37.44 €.
