Good News for Verizon Stock Investors: The Telecom Giant Is Solving Its Biggest Problem
Verizon (NYSE: VZ) stock has been a value destroyer over the last few years, but the telecom giant took a significant step toward rectifying that narrative on Tuesday.
Verizon shares soared, finishing the day up 9.3% after it beat estimates on the top and bottom lines, and raised its free-cash-flow guidance by $1 billion to $18 billion.
The business is still facing challenges as revenue and profits both fell in the quarter, in part due to an ongoing decline in equipment revenues, but expectations for the company had fallen so low after years of market-share losses to T-Mobile and a strategy that's failed to deliver growth that the stock had a low bar to clear.
Source Fool.com
Verizon Communications Inc. Stock
€37.44
-3.650%
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 €.
