CA - Verizon Communications: An Upgrade Is Warranted

2024-07-21 05:19:05 ET

Summary

• Verizon Communications has shown signs of improvement recently.
• The firm still has some issues, but on the whole, it's nice to see some growth in cash flows.
• The business is also attractively priced and has lower leverage than rival AT&T, though it's not as appealing as its rival.
• In all, the telecommunications giant warrants an upgrade at this time.

When it comes to the US telecommunications space, there's no denying that Verizon Communications ( VZ ) (VZ:CA) is one of the big players. It's a company that I am well aware of, having been a customer of it for my cell phone service ever since I first got a cell phone back in 2008. Having said that, I have not, historically speaking, been the biggest fan of the company from an investment perspective. I have long preferred its rival, AT&T ( T ) which I currently own shares of....

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