CA - Verizon Q1: Don't Worry Collect A Near 7% Yield And Be Happy
2024-04-26 07:00:00 ET
Summary
- Verizon's latest earnings report caused a decline in stock price, but it has since regained some losses, bouncing back to nearly $40 a share.
- The company's focus on improving its business has resulted in subscriber growth and positive performance in its segments.
- Verizon is implementing AI projects to optimize internal processes, enhance product experiences, and establish AI-based revenue opportunities.
- Increasing cash flows & deleveraging will likely serve as catalysts for some share price appreciation, especially if interest rates are cut later this year.
- While waiting for potential upside, investors collect a near 7% yield that's well-covered by free cash flow. I expect FCF to come in near $20 billion in 2024.