Is This Discounted Dividend Stock Worth Your Money?
U.S. telecom giant Verizon Communications (NYSE: VZ) has struggled, ceding customers to competitors like AT and T-Mobile over the past several quarters.
Dividend investors got some good news when the company released its Q1 earnings for 2023, though some common problems within the company keep rearing their heads. On the one hand, Verizon offers a generous Dividend yielding 6.7% at today's share price. But on the other, the stock has underperformed the broader market for years.
At a discounted valuation, is Verizon a rebound candidate worth considering? Or is this stock destined for mediocrity moving forward? Here is what you need to know.
Source Fool.com
Verizon Communications Inc. Stock
€37.95
0.340%
With 20 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 42 € shows a slightly positive potential of 10.69% compared to the current price of 37.95 € for Verizon Communications Inc..
