Verizon: Buy The Market's Over Reaction, Yields Even Richer Here

Jitalia17We previously covered Verizon Communications Inc. (NYSE:VZ) in April 2024, discussing its robust growth across the mobile and fixed wireless segments, with 2024 likely to bring forth promising net adds. Combined with the excellent FY2024 Free Cash Flow guidance, the peak 5G capex well behind us, and the rich dividend investment thesis, we had reiterated our Buy rating then. Since then, VZ has traded sideways before the market over-reacted to the supposed FQ2'24 earning miss, leading to a painfu ...