2024-01-29 11:58:09 ET
Summary
- Optimism around Verizon's stock is returning after the company provided better than expected results last week.
- In spite of the business momentum in the postpaid segment, I have turned more cautious on the business following the earnings release.
- I take a closer look at margins, free cash flow and Verizon's ability to continue reducing leverage in 2024.
After reporting its full fiscal year 2023 results, Verizon Communications Inc. ( VZ ) has become the best-performing stock within its direct peer group. The stock delivered a total return of nearly 13% over the past year and with that it seems that the stock's worst days are likely behind us....
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Verizon: I Am On Hold After The Recent Earnings Release