10 Slow and Steady Stocks to Own in Any Market - 2 of 10

#2 - Verizon (NYSE:VZ)

Verizon (NYSE: VZ) - It might seem strange to be listing a telecommunications company as a growth stock in 2018, but the market is undergoing transformational changes that play to Verizon's strength as a market leader. The game changer in the next few years is going to be the conversion to a 5G network. It seems like only yesterday, 3G was the next big thing, but even as the market matures (and maybe because of it), there is a demand for  5G networks that are already taking shape in major metropolitan areas and you know it won't stop there. Verizon is forecasting a nearly $18 billion investment into 5G. If it succeeds and can be first to market, it will have a competitive advantage that should allow it to lift its revenue (which has been a sticky issue for investors). That would be a major tipping point for this telecom giant who already has one of the highest dividend yields (4.47%) of any dividend stock. It also has an attractive P/E of around 15.5.

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

$40.12

Consensus Rating

Moderate Buy

Ratings Breakdown

8 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$44.50 (10.9% Upside)