Verizon Communications Has Become A Top-Tier Prospect (Rating Upgrade)

(12min)

Summary

  • Verizon Communications has been upgraded from a 'buy' to a 'strong buy' due to solid financial performance and attractive growth prospects.
  • The company achieved significant revenue growth, especially in its Consumer segment, despite challenges in wireless equipment sales.
  • Verizon's future growth is bolstered by promising opportunities in AI, cloud computing, and strategic partnerships with major tech firms like Alphabet and Meta Platforms.
  • Shares remain undervalued compared to competitors, with a favorable net leverage ratio and strong EBITDA growth expectations for 2025.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

Verizon sign on the office building in San Diego, CA, USA.

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In investing, it is necessary to adjust your opinion as new data comes in. A wonderful example that I could point to involves telecommunications giant Verizon Communications (NYSE:VZ). In my most recent article about it, published

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This article was written by

33.9K Followers

Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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