Is Verizon Stock a Buy Now?
Shares of telecom giant (NYSE: VZ) have been on an upswing. The stock is up about 14% over the past 12 months at the time of this writing. While a rising share price is welcome, perhaps the stock's most appealing aspect is as an income investment.
Verizon's dividend serves as a reliable source of passive income, given its 18 straight years of increases. It also sports an impressive forward-dividend yield of 6.5% as of Nov. 7.
Given these positives, it seems like Verizon's stock is worth buying for the long haul. But there's a wrinkle to consider. In September, Verizon announced the impending acquisition of Frontier Communications Parent. Here's a look into how the Frontier purchase may affect whether to buy Verizon stock.
Source Fool.com
Verizon Communications Inc. Stock
€39.28
-3.870%
With 12 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 43 € shows a slightly positive potential of 9.48% compared to the current price of 39.28 € for Verizon Communications Inc..
