Verizon: Poised To Break Out (Technical Analysis)

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.

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Mihaela Rosu

Thesis

The thesis of this article is very simple. I will argue that Verizon Communications Inc. (NYSE:VZ) is now well poised to break a multi-year downward trend. The argument will be supported by both fundamental and


Analyst’s Disclosure: I/we have a beneficial long position in the shares of VZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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