Verizon: Why It Is A No-Brain Buy

Imgorthand/E+ via Getty ImagesWhile shareholders in Verizon (NYSE:VZ) suffered through a tough 2023, at least the stock is well above its 52-week low. Even so, that is meager consolation for long-term investors in VZ. From late 2018 through the middle of 2021, Verizon routinely traded in the high $50s to low $60s range. As I write these words, it swaps hands for $38.44 per share. The current valuation has Verizon, with a forward price-to-earnings ratio of 8.76x, valued far below its 10-year average. Mor ...