#4 - Verizon (NYSE:VZ)
Verizon (NYSE:VZ) has made it almost all the way back after its March selloff. The stock is within striking distance of turning positive for the year. Of course, the story for Verizon, as well as many wireless carriers, is 5G.
And Verizon’s business model is almost entirely wireless. Investors and analysts love the steady, recurring income stream. This is particularly important with the current uncertainty surrounding the economy. If consumers have to tighten their belts, they may have to choose which bills they have to pay. But the wireless bill will be one that is likely to always get paid.
In terms of free cash flow, Verizon posted $2.11 billion in the trailing twelve months ending in June. The company had a debt-to-equity ratio of 1.94%. Normally that could be a cause for concern, but that’s why investors love the free cash flow. Verizon should have options to manage that debt should the need arise.
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
- $43.15
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $46.37 (7.5% Upside)
