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Raymond James Reaffirms Outperform on Verizon (VZ) Amid High Dividend and Cost-Cutting Strategy
Yahoo Finance· 2025-12-28 18:03
Group 1 - Verizon Communications Inc. is recognized as one of the best telecom stocks to invest in, with Raymond James reaffirming its Outperform rating and setting a price target of $47, highlighting the company's strong dividend yield and potential for subscriber growth [1] - The company is analyzing legacy expenditures that are overdue for reduction, with plans to significantly cut or cancel ineffective initiatives such as Mobile Edge Compute, Internet of Things emphasis, and Private Networks, expecting benefits from these changes to appear between late 2026 and early 2027 [2] - Verizon has established a new 100G specialized optical ring for Monumental Sports & Entertainment, enhancing the network infrastructure of the Monumental Sports Network, and has successfully completed the sale of €2.25 billion and £1 billion in subordinated notes due in 2056, involving major financial institutions like BNP Paribas and Goldman Sachs [3]