2024-03-21 13:37:56 ET
Summary
- Verizon Communications Inc. is well positioned to break a multi-year downward trend, supported by fundamental and technical analyses.
- Consensus estimates show gradual EPS growth over the next four years and I see good reasons for such projection.
- With its current low P/E ratio and generous yield, any growth could trigger a sizable valuation expansion.
- The generous dividends (~6.5%) add another layer of protection, especially for investors who need current income.
Thesis
The thesis of this article is very simple. I will argue that Verizon Communications Inc. ( VZ ) is now well poised to break a multi-year downward trend. The argument will be supported by both fundamental and technical analyses....
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For further details see:
Verizon: Poised To Break Out (Technical Analysis)