Is Verizon Stock a Buy for Its Ultra-High-Yield Dividend After Q2 Earnings?
Hot on the heels of breaking concerns about potential liabilities related to its use of lead-sheathed cables, Verizon Communications (NYSE: VZ) on Tuesday published mixed second-quarter results. While the company's non-GAAP (adjusted) earnings came in at $1.21 per share and beat the average analyst estimate of $1.16, sales of $32.6 billion missed Wall Street's target of $33.24 billion.
Despite the significant earnings beat, Verizon stock is roughly flat following its Q2 release and its dividend yield sits at 7.6%. Should income-seeking investors pounce on this ultra-high-yield dividend stock following the recent earnings release, or is there too much risk involved to make it an attractive buy?
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Source Fool.com
Verizon Communications Inc. Stock
€38.88
2.420%
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 8.04% for Verizon Communications Inc. compared to the current price of 38.88 €.
