Reported about 1 month ago
Verizon's stock has shown a 14% increase over the last year and offers a strong dividend yield of 6.5%, making it an attractive option for income investors. The company's planned acquisition of Frontier Communications aims to enhance its fiber-optic internet service across more states, potentially boosting future revenues. However, the deal comes with significant debt implications, as both companies have substantial liabilities to manage. While Verizon's fiber growth strategy looks promising, investors should consider waiting for a better price before buying in, given its current high valuation.
Source: YAHOO