Verizon Communications Inc (VZ) Labeled an Attractive Large-Cap Stock by Investment Expert

Verizon (VZ) is highlighted as an attractive large-cap stock by investment expert Vahan Janjigian due to its consistent dividend growth over 18 years. Analysts predict a 12.28% potential upside with a target price of $48.44, while GuruFocus estimates a 4.46% slight downside based on fair value calculations. Despite the recommendation to focus on mid-cap stocks, Verizon remains a strong contender among large-caps.

Verizon Communications Inc. (VZ), listed on the New York Stock Exchange, has been recognized as an attractive large-cap stock by investment expert Vahan Janjigian due to its consistent dividend growth over 18 years. Analysts predict a 12.28% potential upside with a target price of $48.44, while GuruFocus estimates a 4.46% slight downside based on fair value calculations. Despite the recommendation to focus on mid-cap stocks, Verizon remains a strong contender among large-caps.

Verizon is primarily a wireless business, accounting for nearly 80% of its revenue and almost all of its operating income. It serves about 93 million postpaid and 24 million prepaid phone customers via its nationwide network, making it the largest U.S. wireless carrier [1]. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services.

Verizon's financial performance is robust, with a market capitalization of $178.56 billion and a price-to-earnings ratio (PE ratio) of 10.20. Over the past year, Verizon shares have traded in a range of $37.585 to $47.355, with a cash-to-sales ratio of 1.32 and a reporting currency of USD. The latest annual turnover was USD 134.79 billion, and the latest annual profit was USD 17.51 billion [1].

Verizon's dividend growth has been steady, with a history of consistent payouts over 18 years. The company's commitment to dividend growth makes it an attractive investment for income-oriented investors. However, it is essential to consider the company's debt levels and ongoing legal challenges, which could impact future performance.

Verizon has faced multiple lawsuits, including those related to administrative fees, pension risk transfers, and data privacy, resulting in settlements and ongoing legal challenges [1]. These legal issues could have an impact on the company's financial performance and share price in the short term.

In conclusion, Verizon Communications Inc. is a large-cap stock with a history of consistent dividend growth. Despite the recommendation to focus on mid-cap stocks, Verizon remains a strong contender among large-caps. However, investors should carefully consider the company's debt levels and ongoing legal challenges before making investment decisions.

References:
[1] https://investorshub.advfn.com/stock-market/NYSE/verizon-communications-VZ/stock-price