Verizon Communications Stock Is Lagging the S&P 500, and This Is How Many Years It Has Been Since It Last Beat the Market
Verizon Communications (NYSE: VZ) is a big name in telecommunications. It's one of the leading telecom providers, and for investors, it's also a reliable dividend stock to own. But one thing it hasn't typically been is a good growth stock or a market-beating investment to own. This year, its shares are up just 8%, which is mild compared with the S 500, which has rallied 17% thus far in 2024.
Unfortunately, that has been par for the course for Verizon. While it can occasionally produce modest gains, it hasn't usually outperformed the broad market. But just how poorly it has done may surprise you.
A lack of capital appreciation has made Verizon a fairly undesirable stock for investors to own over the past decade. And not only has Verizon underperformed the market regularly, its returns have also often been negative. It hasn't beaten the S 500 since 2018, and looking at the stock's return year to date, it's likely to underperform the market this year as well.
Source Fool.com
Verizon Communications Inc. Stock
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 11.07% for Verizon Communications Inc. compared to the current price of 37.82 €.
