Verizon's stock declines despite high dividend yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2024
0mins
Should l Buy VZ?
Source: NASDAQ.COM
Verizon Communications Inc's stock has dropped 3.00%, hitting a 20-day low, amid a strong performance in the broader market with the Nasdaq-100 up 2.84% and the S&P 500 up 2.30%.
Despite being recommended by analysts for its high dividend yield of 5.6%, Verizon did not make the latest list of top stocks, leading to concerns about its investment value. This situation reflects a potential sector rotation as investors seek higher returns elsewhere, despite the overall market strength.
The implications for Verizon suggest that while it remains a solid choice for income-focused investors, the current market dynamics may require a reassessment of its attractiveness compared to other investment opportunities.
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Analyst Views on VZ
Wall Street analysts forecast VZ stock price to fall
14 Analyst Rating
4 Buy
10 Hold
0 Sell
Moderate Buy
Current: 48.040
Low
43.00
Averages
46.42
High
51.00
Current: 48.040
Low
43.00
Averages
46.42
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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