Is Verizon stock a buy? (2024)

Is Verizon stock a buy?

"The longer term fundamentals of Verizon

Verizon
The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon. The approval came with 25 stipulations to preserve competition between local phone carriers, including investing in new markets and broadband technologies.
https://en.wikipedia.org › wiki › Verizon
remain in good shape, with consistent results and mostly domestic, predictable, recurring revenue. With a 6.5% dividend yield, we believe the shares remain attractive." Meanwhile, Verizon stock was up nearly 12% in 2024 as of April 2. Also, Verizon stock retreated 4% in 2023.

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(Dividendology)
Is Verizon a good buy now?

Fair Value Estimate for Verizon

With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.

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(Parkev Tatevosian, CFA)
Should I hold on to Verizon stock?

This makes Verizon stock a buy for 2024, and its high-yield dividend, combined with a long streak of increases, means you'll also collect passive income by holding on to this investment over the long term. Robert Izquierdo has positions in Verizon Communications. The Motley Fool recommends Verizon Communications.

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What are analysts saying about Verizon stock?

Based on analysts offering 12 month price targets for VZ in the last 3 months. The average price target is $44.39 with a high estimate of $50 and a low estimate of $34.

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(Matt Derron)
Where will Verizon stock be in 5 years?

Verizon Stock Forecast 2026-2030

These five years would bring an increase: Verizon price would move from $56.22 to $90.33, which is up 61%. Verizon will start 2026 at $56.22, then soar to $57.84 within the first six months of the year and finish 2026 at $61.87. That means +53% from today.

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Is it better to invest in Verizon or AT&T?

AT&T currently trades at a price-to-earnings (P/E) ratio of just 6.2 and a dividend yield of 7.3%. Verizon goes for a P/E ratio of 7 and pays a dividend yield of 7.8%. Keep in mind that both stocks are significantly more expensive on an enterprise-value basis, which factors in debt.

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What is the fair value of Verizon stock?

Verizon Intrinsic Value - Valuation Summary
RangeUpside
Fair Value13.81 - 13.81-67.46%
P/E27.96 - 43.87-5.8%
EV/EBITDA20.14 - 58.78-7.7%
EPV45.28 - 74.6541.3%
7 more rows

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What are the best dividend stocks to buy?

9 Highest Dividend-Paying Stocks in the S&P 500
StockTrailing annual dividend yield*
AT&T Inc. (T)6.3%
Verizon Communications Inc. (VZ)6.3%
Healthpeak Properties Inc. (DOC)6.6%
Altria Group Inc. (MO)8.8%
5 more rows
Mar 29, 2024

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Is it better to buy calls or stock?

Key takeaways

If you are bullish about a stock, buying calls versus buying the stock lets you control the same amount of shares with less money. If the stock does rise, your percentage gains may be much higher than if you simply bought and sold the stock.

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Is Verizon in debt?

Total debt on the balance sheet as of December 2023 : $174.94 B. According to Verizon's latest financial reports the company's total debt is $174.94 B. A company's total debt is the sum of all current and non-current debts.

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What is the future outlook for Verizon stock?

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Verizon stock have an average target of 44, with a low estimate of 36 and a high estimate of 50. The average target predicts an increase of 2.71% from the current stock price of 42.84.

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Who owns most of Verizon stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...

Is Verizon stock a buy? (2024)
Is AT&T a buy or sell right now?

Is T a Buy, Sell or Hold? AT&T has a conensus rating of Moderate Buy which is based on 9 buy ratings, 6 hold ratings and 0 sell ratings. What is AT&T's price target? The average price target for AT&T is $20.89.

Will Verizon stock go up in 2024?

Both of these giants of the telecom industry experienced share-price gains going into 2024. Verizon even hit a 52-week high of $43.21 at the end of January. The pair also sport attractive dividend yields over 6% at the time of this writing.

How long has Verizon had a dividend?

Historical dividend payout and yield for Verizon (VZ) since 1986. The current TTM dividend payout for Verizon (VZ) as of April 01, 2024 is $2.66. The current dividend yield for Verizon as of April 01, 2024 is 6.34%.

What company did Verizon buy out?

In September 2020, Verizon announced its plans to acquire TracFone Wireless (a business unit of Mexican telecom business, America Movil) for $6.25 billion. The deal was approved by the FCC on November 22, 2021, and closed the following day.

Is Verizon stock undervalued?

With its 5-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate. Our $54 fair value estimate equates to roughly 8.1 times our 2023 EBITDA forecast. Our valuation also implies an 8% free cash flow yield in 2023 based on management's forecast for the year.

Why is Verizon stock losing money?

This resulted from postpaid upgrades falling by 17.9% from the prior-year period. The issues for Verizon trickled down to its bottom line as well. The company posted a net loss in Q4 of $2.6 billion, or $0.64 per share, based on generally accepted accounting principles (GAAP).

Why is Verizon a good company to invest in?

Verizon has a fairly long history of growing its dividends for 17 years on the trot (most of the other stocks in this industry have barely been able to keep it up for beyond a year), and over the last three years it has been growing at a decent pace of roughly 2% p.a. Given where the stock is currently, investors can ...

What is the risk free rate for Verizon stock?

CAPM WACC Model
Cost of EquityLowHigh
Selected Beta0.821.69
(x) Country Market Risk Premium4.6%4.6%
Adjusted Market Risk Premium3.8%7.8%
(+) Risk-free Rate4.00%4.50%
7 more rows

What is Verizon stock profit margin?

Current and historical gross margin, operating margin and net profit margin for Verizon (VZ) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Verizon net profit margin as of December 31, 2023 is 8.67%.

What is the book value of Verizon?

As of today (2024-04-02), Verizon Communications's share price is $42.54. Verizon Communications's Book Value per Share for the quarter that ended in Dec. 2023 was $21.99. Hence, Verizon Communications's PB Ratio of today is 1.93.

What are the top 3 dividend stocks?

Higher interest rates have weighed on valuations across the space, keeping their yields high. Stag Industrial (NYSE: STAG), Realty Income (NYSE: O), and Mid-America Apartment Communities (NYSE: MAA) currently offer dividend yields that are more than double that of the S&P 500.

What are the 5 best dividend stocks?

15 Best Dividend Stocks to Buy for 2024
StockDividend yield
United Micro Electronics (UMC)7.0%
Enbridge Inc. (ENB)7.6%
Ecopetrol SA (EC)14.6%
United Parcel Service Inc. (UPS)4.2%
11 more rows
Mar 15, 2024

How often does Verizon pay dividends?

Verizon Communications Inc.'s ( VZ ) ex-dividend date is April 9, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Verizon Communications Inc. ( VZ ) pays dividends on a quarterly basis.

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