#5 - Verizon (NYSE:VZ)
Verizon (NYSE:VZ) is a pure-play among wireless stocks. Unlike some of its competitors, such as AT&T (NYSE:T), Verizon isn’t a player in the streaming wars. It will, however, be a major beneficiary of the 5G revolution.
But even as consumers are looking for temporary relief from their wireless payments, Verizon shows its strength by enabling American workers to seamlessly use solutions such as Microsoft’s (NASDAQ:MSFT) Skype app and Zoom Communications (NASDAQ:ZM). With a developing sense that many workers will continue to work from home for the foreseeable future, ensuring the wireless bill gets paid will be a priority.
With more Americans cutting the cord, our mobile devices have become windows to the world. And that isn’t going to go away anytime soon.
Verizon may be lagging behind other growth stocks. However, Verizon is a rock-solid dividend play. The company has increased its dividend for 15 consecutive years and has a payout ratio of just over 50%.
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)
