#2 - Verizon (NYSE:VZ)
Verizon (NYSE: VZ) - Verizon is another quality telecom play. It has a P/E ratio of 15.29, but it also offers an attractive dividend yield of 4.19%. The key for Verizon is the emergence of 5G technology. For Verizon, this can’t come too soon. The technology – which can bring nearly fiber-optic speed into the home market – has been promised for years, and is finally making appearances in large markets. The expansion of 5G over the next five years will allow Verizon’s core mobile business to take the next leap forward, and should come with higher prices and margins which have taken a hit as competing 4G networks have encroached on Verizon’s supremacy. However, what should be more enticing to investors is that the first 5G product that Verizon is introducing is an in-home router, called 5G Home. This wireless product will facilitate the customer’s desire to cut the cords while allowing Verizon to reach an audience they have never been successful at reaching before. And investors should keep their eye out for new innovations in the connected device space where Verizon should have a prime seat at the table.
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
- $40.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $44.36 (10.7% Upside)
