Verizon Is A Good Dividend Hideout Despite Mixed Q1 Numbers - Hold [Seeking Alpha]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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US:NYSE Investor Relations:
verizon.com/about/investors
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Source: Seeking Alpha
The company's dividend yield of 6.7% is still attractive in the current interest rate regime and uncertain macroeconomic environment; however, surging treasury yields are making it less appealing. Verizon's stock is undervalued at current levels, and its 5-year price target of $67.72 implies an expected CAGR return of ~11% over the next five years. I continue to rate VZ stock a "Hold" in the high $30s. Introduction In early January 2024, I downgraded Verizon Communications Inc. NYSE: VZ ) to a "Hold" rating, citing significant deterioration in long-term risk/reward on the back of a quick-fire year-end rally in its stock: In light of a rapid +25% jump in its Recommended For You Recommended For You About VZ Stock More on VZ Related Stocks Trending Analysis Trending News
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VZ
News
- David B. Dorwart Re-Elected As National Lifeline Association's Board Chairman [Yahoo! Finance]Yahoo! Finance
- LoRaWAN® Network Flexibility Is Key to Enabling Massive IoT; LoRa Alliance® Expands Expertise with New Board Members from Verizon and Helium Foundation [Yahoo! Finance]Yahoo! Finance
- Verizon (VZ) Enhances Customer Service With GenAI Integration [Yahoo! Finance]Yahoo! Finance
- SureCall Introduces Game-Changing SpeedLink 5G C-Band Signal Booster [Yahoo! Finance]Yahoo! Finance
- Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [Yahoo! Finance Canada]Yahoo! Finance Canada
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 424B2
- 5/13/24 - Form 424B2
- VZ's page on the SEC website