Shares of telecom behemoth Verizon (VZ) took a sharp turn lower last week following the release of some rough second-quarter earnings results. Investors are growing increasingly concerned over Verizon's stagnating wireless growth. Despite the Q2 disappointment and downbeat outlook over the ugly economic storm clouds ahead, Verizon stock still looks incredibly attractive at just nine times trailing earnings with its bountiful 5.7% dividend yield. Sure, intense headwinds could take a big bite out of subscriber growth. Warren Buffett had also cut its Verizon stake earlier this year, possibly in response to looming headwinds and increased competition from telecom rivals like AT&T (T).
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Verizon Communications (NYSE:VZ)
Graphique Historique de l'Action
De Sept 2022 à Oct 2022 Plus de graphiques de la Bourse Verizon Communications
Verizon Communications (NYSE:VZ)
Graphique Historique de l'Action
De Oct 2021 à Oct 2022 Plus de graphiques de la Bourse Verizon Communications