#5 - Verizon (NYSE:VZ)
Verizon (NYSE: VZ) – Sometimes being a winner in a trade war means you just aren’t playing. Such is the case for Verizon. It’s considered a defensive stock because it competes in an industry that is unlikely to be affected by tariffs. After all, demand for telecommunication networks and providers is not going down. Verizon is reporting very strong fundamentals. In June, the stock received an upgrade from Deutsche bank as investors saw the company’s shares trading at a discount to the industry as a whole. Verizon’s stock is still trading slightly below Deutsche Bank’s price target of $56, meaning there’s still room for the stock to run. Analyst Matthew Niknam saw the fundamentals for the wireless industry to be improving after a wave of consolidations including the recent merger of T-Mobile and Sprint. Verizon also recently announced a transition to a 5G network that will provide new avenues for growth including direct-to-home wireless internet.
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
- $42.92
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $46.37 (8.0% Upside)
