#3 - Verizon Communications (NYSE:VZ)
Verizon Communications (NYSE: VZ) - Another trait to look for in companies that achieve sustained success is innovation. And, the telecom industry is all about innovation. In fact, without meaningful innovation to draw investor interest, the industry can largely become a sparring match with companies competing on price for what can seem like a race to the bottom. The next innovation in the telecom industry is coming in the form of a 5G revolution and, as we’ve mentioned before, Verizon is well-positioned to take a leadership position as this new technology rolls out across the United States. In addition to being in a position to capitalize on the 5G revolution, one of the competitive advantages that Verizon enjoys within this highly competitive sector is that, aside from their acquisition of Yahoo, the company doesn’t stray too far outside the telecom industry. However, like a lot of companies in this space, Verizon has had uneven income growth that has weighed on the stock. Despite that, the company manages to show steady revenue growth and investors seem to be rewarding the stock which has posted a gain of over 17% over the last 12 months.
About Verizon Communications
Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
Read More - Current Price
- $38.89
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $44.21 (13.7% Upside)
