Will Verizon Communications Be a Trillion-Dollar Stock by 2050?
(NYSE: VZ), the largest telecom company in the United States, generated $137 billion in revenue in 2022. Its closest competitors, T-Mobile and AT, generated $80 billion and $121 billion in revenue, respectively.
Yet Verizon only has a market cap of about $140 billion, which values it at just over one times this year's estimated revenue of $135 billion. It also trades at just seven times forward earnings and pays a massive forward dividend yield of 7.7%.
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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 €.
