The 1 Move That Would Make Me a Verizon Stock Bull
Verizon (NYSE: VZ) is a stock of contradictions. As one of only three nationwide providers of 5G service in the U.S., it holds considerable power in the wireless space. Still, high debts and capital costs led to a secular decline in its stock.
Nonetheless, Verizon has won the most network quality awards from J.D. Power -- 30 consecutive times. That edge on quality is a competitive advantage that could help its stock turn around, but only if it makes the one move that would drastically improve its financial situation.
Verizon could become more investable by making one simple but painful move -- eliminating its dividend.
Source Fool.com
Verizon Communications Inc. Stock
€36.94
0.270%
The stock is one of the favorites of our community with 23 Buy predictions and 1 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 13.7% for Verizon Communications Inc. compared to the current price of 36.94 €.
