VZ - Verizon Communications Inc.

NYSE - NYSE Delayed Price. Currency in USD
59.32
+0.45 (+0.76%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close58.87
Open59.07
Bid59.25 x 3200
Ask59.42 x 1800
Day's Range58.67 - 59.36
52 Week Range47.13 - 61.58
Volume8,512,737
Avg. Volume13,389,237
Market Cap245.33B
Beta (3Y Monthly)0.42
PE Ratio (TTM)15.32
EPS (TTM)3.87
Earnings DateAug 1, 2019
Forward Dividend & Yield2.41 (4.21%)
Ex-Dividend Date2019-04-09
1y Target Est59.64
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  • AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy
    InvestorPlace4 days ago

    AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy

    My InvestorPlace colleague Luke Lango recently laid out a compelling argument why AT&T (NYSE:T) is too cheap to ignore. Never a fan of AT&T, I've given his case the fair consideration it deserves. Lango's good at what he does and if he thinks AT&T stock is ready to pop, I ought to at least consider his argument.Source: Shutterstock In a nutshell, Lango views the pending green light of the merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) as excellent news for AT&T because it removes a major price cutter from the wireless equation; a headwind that's weighed on T stock for some time. He goes on to say that AT&T's mobility business generates 40% of the company's revenue and 50% of its EBITDA. With one less competitor to deal with, it's likely that its EBITDA margins will move higher in the future due to less discounting in the mobility marketplace.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Higher margins and revenue combined with dirt cheap financial metrics, and you've got the makings of a good value stock. For example, Lango points out it's got a 6.3% dividend yield, three times the average dividend yield for the market itself. In other words, you're getting paid handsomely to wait for T stock's revival. Also, its forward P/E and P/CF are both well below the market averages and its historical five-year average, making it hard to deny there's unlocked value in AT&T stock. What About Debt?Value isn't just about higher margins, less competitive headwinds, etc. It's also about the strength of the balance sheet. If I'm looking at two companies and one has a forward P/E and P/CF of 20 and 8, respectively, and the other has a forward P/E and P/CF of 15 and 6; based on a value supposition, I'm going to go for the latter stock every day of the week.However, if the latter stock's net debt was $168.9 billion in the most recent quarter or 71% of its market cap, and the former stock's net debt was $111.3 billion or 45% of its market cap, the extra leverage of the latter's stock makes the former a better value on a relative basis due to its superior balance sheet. The latter stock in this example is AT&T and the former is Verizon Communications (NYSE:VZ). The forward P/E and P/CF aren't those of the two wireless carriers. They were merely meant to illustrate why valuation metrics based on price don't always tell the entire story.The real metrics, according to Morningstar, are as follows:AT&T Forward P/E = 9.0Verizon Forward P/E = 12.5AT&T P/CF = 5.0Verizon P/CF = 7.1 The question for investors interested in AT&T stock is whether the 28% discount on the forward P/E and 30% discount on P/CF is worth it given AT&T uses significantly more leverage to generate its earnings and cash flow. Furthermore, Verizon currently yields 4.1%, which isn't bad for a company that utilizes far less leverage to pay for these dividends. Getting back to Lango's argument about the merger removing the discounting headwind from AT&T's sails, the same effect would apply to Verizon. AT&T might generate more free cash flow than Verizon, but it does it at the expense of the balance sheet. Furthermore, AT&T's cash flow as a percentage of revenue is virtually the same as Verizon's, which means it's not doing a better job generating cash flow than its biggest competitor. Is AT&T Stock Too Cheap to Ignore?If you're looking for less risk, Verizon is the better stock to buy.Sure, AT&T might have paid down $538 million in net debt (repayment less issuance) in the first quarter, but that's a drop in the bucket for a company with $169 billion in net debt. If you're an AT&T investor, you better hope that interest rates don't move higher, because if they do, it's in a whole heap of trouble. Value sometimes comes at a price. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy appeared first on InvestorPlace.

  • Verizon (VZ) Up 3.8% Since Last Earnings Report: Can It Continue?
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    Verizon (VZ) Up 3.8% Since Last Earnings Report: Can It Continue?

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  • Sacramento's Verizon 5G coverage may be delayed by suit
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    Sacramento's Verizon 5G coverage may be delayed by suit

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  • Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner
    InvestorPlace5 days ago

    Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner

    Telecom heavyweights T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) captured headlines and received a big lift in the markets. In a stroke of good fortune, Federal Communications Commission chairman Ajit Pai recommended approving their $26 billion merger. But as great as this news is for TMUS and Sprint speculators, sector giant Verizon (NYSE:VZ) stock also received much love.Source: Via FlickrGranted, the scale is completely different. T-Mobile shares jumped nearly 4% on the news, while Sprint went berserk, gaining almost 19%. On the other hand, the VZ stock price increased a modest 1.6%. It was a similar tale with telecom leader AT&T (NYSE:T), which eked out a 1.2% single-day profit.But why would this merger help either AT&T or Verizon stock? The combined T-Mobile-Sprint entity will have a wireless-subscription base of 125 million customers. AT&T won't feel immediately threatened with their 148 million subscribers. But Verizon has 118 million subs, which would put it last in this three-way race.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, it's important to recognize market sentiment here. Despite the sudden presence of a third stalwart in the mix, the VZ stock price went up, not down. I don't think this swing, albeit a small one, is an anomaly.For one thing, Verizon is the dominant leader in the 4G network, with 70% coverage. There's quite a gap from there to T-Mobile in the number-two slot, with 59%. Plus, VZ delivered the world's first 5G service, giving it a leg up on the competition. That's one reason not to worry about Verizon stock. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The other reason is customer loyalty. Here, T-Mobile wins but Verizon holds a strong second. Combined with the coverage-advantage, VZ stock is compelling. VZ Stock Is Fundamentally Critical to National InterestsBut for me, the overriding factor supporting the bull case for Verizon stock is the ultra-long-term national interest. Pai listed out his agency's top goals during the merger-approval announcement, stating, "Two of the F.C.C.'s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity."I don't think you can overemphasize this point: the U.S. must win the technology race if it wants to maintain its global economic and military dominance. Our fiercest adversaries, China and Russia, already have strategized their vision that extends decades. Based on the priorities of the President Donald Trump administration (ie. the wall), we may be desperately behind.Therefore, it's critical that we not only build out our 5G network, but that we decisively lead the sector. Obviously, with Verizon taking that key first step, this embodies the leadership our government wants and needs. You can easily expect support at the highest level, which bodes extremely well for the VZ stock price.Really, it's the same argument for AT&T. Recently, I mentioned that T shares represent more than a mere investment. When you have Russian President Vladimir Putin essentially stating that he's going to do his level best to win in artificial intelligence, these telecom giants immediately take on more significance.With AT&T or Verizon stock, you don't need to get complicated: we have to win and win bigly in 5G. This groundbreaking platform is the backbone of all technologies of tomorrow. If we're going to do anything -- be it AI, automation, or robotics -- we must implement the best telecommunications network.I would say that anything short of that jeopardizes national security because the pace of innovation is exponential. Verizon Stock or AT&T?If you've decided to invest in telecom -- and it's a very wise decision -- you now have a choice: assuming you're going with the leaders, do you pick Verizon stock or AT&T?Both names are similar in their size, fundamental importance and potential reach. While some analysts may swing one way or the other, I think it comes down to risk tolerance.Obviously, AT&T carries more risk because it has much more debt than VZ stock. That said, I'm more convinced that the former has made relatively smarter choices in their acquisitions. For instance, while the DirecTV buyout has not panned out well, it has some possibility of at least breaking even.I say that because streaming isn't a complete panacea. It has drawbacks, such as requiring expensive high-speed internet, and limited access in remote areas. On the other hand, Verizon buying out assets like Yahoo probably has no chance of redemption.Still, Verizon stock is on paper the safer way to go. Based on how critical 5G technology is and will be, you can't go wrong with either giant.As of this writing, Josh Enomoto is long AT&T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner appeared first on InvestorPlace.

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  • The Sprint Stock Rally Means Nothing With No T-Mobile Merger
    InvestorPlace6 days ago

    The Sprint Stock Rally Means Nothing With No T-Mobile Merger

    Until FCC chair Ajit Pai spoke on May 20, Sprint (NYSE:S) stock had been stuck at $6 for over a year. That's because in April, 2018, T-Mobile (NASDAQ:TMUS) offered $6.62 per share to buy it. The all-stock deal was struck with T-Mobile at $64.52 per share. At the May 17 opening price of $75.38 for TMUS, the buyout is now worth $7.73 per share.Source: Shutterstock But none of that matters if the deal isn't done. Sprint was practically begging regulators to sign off on it in its latest quarterly report. On May 21 there are conflicting reports about the Department of Justice's attitude, some saying it's a yes, others a no.Pai's signal that he would support the merger S stock up more than 20% as trading opened yesterday, and it kept most of those gains, closing at $7.34. But T-Mobile also rose, so Sprint's value on May 21 is over $8 if the buyout goes through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sprint Without T-MobileSprint lost 189,000 postpaid subscribers during its most recent quarter, along with $2.17 billion, 53 cents per share. It's the kind of news most companies bury in a press release. Sprint highlighted it. * 7 Battery Stocks for High-Powered Gains Without T-Mobile, Sprint still generated $10.4 billion in operating cash flow during fiscal 2019, ending the year with over $7 billion in cash. Sprint also reduced its debt by $2 billion during the year, to $35.36 billion, against assets of $84.1 billion.The problem is that Sprint must invest heavily to justify its spectrum investment and prepare for 5G. The company spent nearly $5 billion on the network during the year, up from $3.3 billion, so total free cash flow for the year was negative $914 million.InvestorPlace's Chris Lau notes that this means the company's plan for installing smaller cells on phone poles instead of leased towers continues. Some 30,000 have been deployed so far, meaning 80% of its precious 2.5 MHz spectrum is now sectorized in this way.But most analysts are taking the company line that Sprint's prospects are grim unless the deal gets done. Comcast (NASDAQ:CMCSA), which has been selling WiFi-based mobile under its Xfinity brand, could step in, but probably at a lower price than T-Mobile is paying.Sprint made other mistakes during the last decade, going with WiMAX technology instead of LTE for 4G service, writing off $30 billion in shutting the old Nextel network, and sitting out the 600 MHz auction in 2016, leaving it without low-band spectrum.If the deal is cancelled, some see the stock going to $3. T-Mobile Without SprintWithout Sprint, T-Mobile still looks healthy. Its own quarterly report showed net additions of 1.7 million and net income of $908 million, $1.06 per share, on revenues of $11.08 billion. T-Mobile also cut its long-term debts during the year, from $12.1 to $10.95 billion, and reported positive free cash flow of $618 million.But many of T-Mobile's expansion plans have been frozen in place by the merger, whose deadline was extended again at the end of April. The Justice Department said only "the investigation continues" and merger opponents said the companies haven't shown it to be in the public interest.Odds that the deal goes through are now little more than 50-50 even though T-Mobile is already handing out big chunks of stock to executives in anticipation. Who Else?My guess is that, after a few drinks, you'll find AT&T (NYSE:T) and Verizon Communications (NYSE:VZ) lobbyists chortling over this. The failure of this merger to launch would leave them each holding one-third of the U.S. wireless market, a dominant position against two much-smaller rivals.On the other hand, if the deal is rejected a larger company, like Alphabet (NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN), could decide Sprint is cheap at $12 billion, its market cap at $3 per share. That would make the phone giants choke on those chortles. Despite their size and financial strength compared with Sprint and T-Mobile, the phone giants are tiny next to the likes of FANG. * 7 Stocks to Buy for Over 20% Upside Potential But you can't invest in fantasy. I will stay away from Sprint until there's more clarity. The best news is clarity should come soon.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post The Sprint Stock Rally Means Nothing With No T-Mobile Merger appeared first on InvestorPlace.

  • Why the Outlook of AT&T Stock Just Became Brighter
    InvestorPlace6 days ago

    Why the Outlook of AT&T Stock Just Became Brighter

    AT&T (NYSE:T) stock has struggled over the past several years as the telecommunications giant has been weighed down by a plethora of headwinds, including cord-cutting, wireless price competition, stagnating streaming growth, and a rising debt load.Source: Shutterstock T stock peaked near $45 in mid-2016. Ever since, AT&T stock has been down and out. Today, the shares trade hands at prices that are more than 25% below those peak 2016 levels. * 7 Stocks to Buy for Over 20% Upside Potential But T stock scored a huge win recently. The proposed merger between wireless peers T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) looks like it will receive regulatory approval after FCC Chairman Ajit Pai told Bloomberg that, in light of their recent concessions, he is going to recommend that his colleagues approve the merger.That's a big win for T stock. Wireless price competition has been a huge headwind for AT&T stock, especially wireless price competition from T-Mobile and Sprint. Both of those companies have compensated for often worse coverage than AT&T and Verizon (NYSE:VZ) with aggressive price cutting. Now, those two aggressive price cutters are combining. That means the wireless telecom industry will have one less overly aggressive price cutter, indicating that price competition across the whole industry will decline.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result, the margins and stability of AT&T's core wireless business will improve. That's a big deal for T stock because the company's mobility business generated about 40% of its revenues last year. As the revenue and margin trends of that huge business rebound over the next several quarters, T stock should rally from today's depressed base. AT&T's Mobility Trends Should ImproveAT&T has always been a really large company with a lot of moving parts. After its recent acquisition of Time Warner, its business got even bigger, with even more moving parts. Among the company's businesses are wireline. entertainment. HBO, the Turner stations., Warner Bros studio and its international assets.But its most important holding is still its mobility business, which generates about $70 billion of revenue and about $30 billion of EBITDA each year. Mobility represents roughly 40% of AT&T's revenues and over 50% of its EBITDA. Thus, integral to the success of AT&T stock is the success of AT&T's mobility business.The mobility business has done just fine over the past several years, adding several thousand wireless subscribers each year and gradually expanding its EBITDA margins from the mid-30's earlier this decade to the lower-40's last year.But this business has been held back by stiff competition. Specifically, the price discounts of T-Mobile and Sprint have become tremendously aggressive over the past few years, inevitably creating somewhat of a drag on AT&T's subscriber growth and margins. That's because some of AT&T's customers are fleeing to Sprint and T-Mobile, while AT&T has tried to stymie that trend by cutting its prices.That era is officially over. T-Mobile and Sprint will likely become one combined company in the near future, meaning that there will be one less overly aggressive price cutter in the market. Thus, going forward, AT&T's mobility trends should improve. In other words, the business' EBITDA margins should move materially higher, driven by less steep discounting.As those margins improve, AT&T stock price should rally. AT&T Stock Is Too Cheap to IgnoreIn a nutshell, T stock is simply too cheap to ignore, and any and all operational improvements at these valuation levels should spark a sizable rally in AT&T stock price.Here are the valuation metrics of AT&T stock: * Forward price-earnings multiple of nine, miles below the market's average forward multiple of 16 and the stock's five-year average forward multiple of 12. * Dividend yield of 6.3%, miles above the market yield of roughly 2% and the stock's five-year average yield of 5.4%. * Trailing price-cash flow multiple below five, also well below the market's average cash flow multiple of 13 and the stock's five year average cash flow multiple of nearly 6.AT&T stock price is dirt cheap, with a single-digit forward earnings multiple, a 6% yield, and a cash flow yield above 20%. This stock is too cheap to ignore any operational improvements, especially any improvements by the all important mobility business. Thus, if AT&T's mobility business materially improves over the next few quarters, T stock should subsequently rise. The Bottom Line on T StockThe fundamentals underlying AT&T have been challenged by non-cyclical headwinds for the past several years, and as a result, T stock now trades at dirt-cheap valuation levels. Indeed, AT&T stock price is so cheap that any and all operational improvements by AT&T should spark a meaningful rally by T stock.Over the next few quarters and years, AT&T's most important business - its mobility unit - could substantially improve. As it does, T stock should rise. The increases of AT&T stock price, on top of a 6%-plus yield, should make the returns of T stock attractive over the course of the next few quarters.As of this writing, Luke Lango was long T, TMUS, and S. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Why the Outlook of AT&T Stock Just Became Brighter appeared first on InvestorPlace.

  • Tuesday’s Vital Data: Sprint, Alibaba and Apple
    InvestorPlace6 days ago

    Tuesday’s Vital Data: Sprint, Alibaba and Apple

    U.S. stock futures are trading higher this morning.Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.59%, and S&P 500 futures are higher by 0.57%. Nasdaq-100 futures have added 0.79%.In the options pits, call and put activity ended the day on equal footing, while overall volume fell to average levels. Specifically, about 16.2 million calls and 16 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe relative calm made an impact at the CBOE, where the single-session equity put/call volume ratio dropped to 0.65 -- a three-week low. Meanwhile, the 10-day moving average inched higher to 0.72.Options activity was hot in the following three stocks: Sprint (NYSE:S), Alibaba (NYSE:BABA) and Apple (NASDAQ:AAPL). Let's take a closer look: Sprint (S)Traders swarmed telecom stocks after the Federal Communications Chairman, Ajit Pai, said he's in favor of the $26.5 billion merger between Sprint and T-Mobile (NASDAQ:TMUS) that was announced in 2018. After a volatile intraday ride, S stock ended the day up 18.8%. TMUS gained 3.87%. Verizon (NYSE:VZ) and AT&T (NYSE:T) joined the rally, though their gains were pared significantly by the closing bell. * 7 ETFs for Healthy Healthcare REITs With the surge, Sprint now sits at an eighteen month high. Before the pop, the stock was stuck in a sloppy range. Time will tell if a bona fide trend emerges. Until then, I suggest patience for Monday's gap to be digested and a better pattern to emerge.On the options trading front, puts surprisingly ruled the roost. Activity rocketed to 622% of the average daily volume, with 185,578 total contracts traded; 75% of the trading came from put options alone.With the resolution of the proposed merger now seemingly priced in, implied volatility dropped on the session to 93%. That places it at the 51st percentile of its one-year range. Premiums are pricing in daily moves of 43 cents or 6%. Alibaba (BABA)Trade war jitters already had Alibaba shares on the ropes, but a nasty earnings report from Chinese internet giant, Baidu (NASDAQ:BIDU) delivered the knockout blow. The losses in BABA stock since peaking last month have now grown to 18%, placing the company's shares a stone's throw from bear market territory.Yesterday's 5.3% drubbing was enough to push the stock back below its 200-day moving average for the first time since February. With it now pushing into oversold territory, a rebound may be in the cards, but it has high odds of failing. If anything a pop back toward $170 or $175 should be eyed as a potential shorting opportunity.As far as options trading goes, calls won the day by a slim margin. Total activity grew to 191% of the average daily volume, with 383,956 contracts traded. Calls accounted for 54% of the tally.The increased demand drove implied volatility higher on the day to 35% placing it at the 28th percentile of its one-year range. Premiums are now baking in daily moves of $3.56 or 2.2%. Apple (AAPL)Apple is another victim of the latest round of tariff-induced trauma. In a client note, Credit Suisse highlighted the threat that further deterioration in the trade war poses to Apple earnings for 2019. With Greater China contributing 20% to the company's 2018 revenue and operating profit, the health of its economy is of utmost importance to Apple earnings.The recent drop in AAPL stock has it trading below all major moving averages. Watch for a break back above $192.50 resistance to signal that the short-term downtrend is reversing and bears have officially been evicted from the premises.On the options trading front, traders favored puts over calls. Activity held steady at 100% of the average daily volume, with 582,288 total contracts traded. Puts claimed 51% of the day's take.Implied volatility lifted to 33% or the 51st percentile of its one-year range. The expected daily move now stands at $3.76 or 2.1%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Tuesday's Vital Data: Sprint, Alibaba and Apple appeared first on InvestorPlace.

  • FCC Supports Telecom Consolidation: Winners and Losers
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    FCC Supports Telecom Consolidation: Winners and Losers

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  • Markit6 days ago

    See what the IHS Markit Score report has to say about Verizon Communications Inc.

    Verizon Communications Inc NYSE:VZView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for VZ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting VZ. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding VZ totaled $5.69 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VZ credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • The Zacks Analyst Blog Highlights: T-Mobile US, Sprint, Verizon Communications and AT&T
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    InvestorPlace6 days ago

    5G Making Verizon Stock Both an Income and a Growth Play

    Verizon (NYSE:VZ) has played an essential role in communications for decades. From landlines and wireless to internet and television, Verizon and its predecessors have served generations of Americans. This has also made VZ stock a conservative, stable investment.Source: Mike Mozart Via FlickrHowever, the rise of 5G promises to again change the company's role in American life. Due to a deeper reach into machinery and electronic components, the economy will depend even more heavily on wireless. With its massive 5G investment, VZ stock will transition to both an income and a growth stock as the company and its two largest peers solidify their oligopoly status. Verizon vs. AT&TAs I stated in a previous article, Verizon, along with AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS) will become "the wireless Big Three." This will occur once two things happen:InvestorPlace - Stock Market News, Stock Advice & Trading Tips1) Sprint (NYSE:S) will leave the scene either by takeover or decline. 2) The launch of 5G will make wireless more essential than ever to the U.S. economy.Admittedly, in the past, I have stated my preference for AT&T. The current dividend yield of about 6.6%, and the fact that T-Mobile does not pay a dividend primarily explain why. However, AT&T has also chosen to enter the content race. * 7 Stocks to Buy for Over 20% Upside Potential This has left that company more heavily in debt and, hence, riskier. Verizon currently holds around $113 billion in debt, much lower than AT&T's debt of approximately $176.5 billion. Moreover, with declining revenues in pay-TV and the current spending by the likes of Netflix (NASDAQ:NFLX) and Disney (NYSE:DIS) on content, AT&T's gamble could easily fail.For investors who want both a dividend and something closer to a pure-play on 5G wireless, I see VZ stock as the choice. Verizon has made some comparatively modest investments in content. Verizon Media includes sites such as AOL, Yahoo, MapQuest and Tumblr. However, that pales in comparison to AT&T's stake in Time Warner and DirecTV. With a $4.6 billion write-down of some of these media assets, Verizon has become primarily focused on its 5G future. VZ Stock Focuses Mainly on Dividend InvestorsThe dividend yield exceeding 4.1% offers a lot to income-oriented investors. Not only does the payout stand at more than double the S&P 500 average, but it also increases yearly. Verizon has raised this payout every year for the last 12 years. Even before 2007, the dividend generally trended upward, albeit more slowly.In the past, VZ stock has typically not attracted investors focused on growth. Looking at current figures, one can understand why. Analysts expect profit growth of only 0.8% this year and 2.1% in 2020. Even at a modest forward price-to-earnings (PE) ratio of 12, buyers will not flock to VZ for that reason alone. 5G Will Turn VZ Into an Income and Growth PlayHowever, I agree with my colleague Luke Lango that 5G will change those growth numbers and that perception. 5G will power more than just laptops and mobile devices. Thanks to 5G, artificial intelligence (AI) and Internet of Things (IoT) technology will power more electronic devices, as well as cloud and data center services.As a result, 5G will increase the importance of wireless in people's lives. Smart appliances, self-driving cars, and numerous other electronic components will soon depend on 5G. This fact may have helped the VZ stock price rise above $58 per share in recent months.I refer to Verizon as part of the "Wireless Big Three" because only three companies can offer this essential service. Like the "Big Three" of the previous century, they will enjoy tremendous market power as part of this oligopoly. I think this will drive not only higher profit margins, but also multiple expansion for VZ stock. Also, with the tens of billions it costs to build a 5G network, I do not foresee any new market entrants. In the end, Verizon stock will further prosper because it helps make the future possible. The Bottom Line on VZ StockVZ stock will become one of the more significant income and growth stocks due to a solidifying wireless oligopoly. At a yield exceeding 4.1%, Verizon stock has already become one of the more attractive income plays. Its stable cash flows and its role in communications have bolstered that role for decades. Now the rise of 5G will expand the significance of that capacity exponentially.For investors who do not mind the risks associated with a large investment in content, I would probably choose AT&T. However, for those who feel more comfortable with the almost single-minded focus on 5G, I think VZ stock will serve income, and ultimately, growth investors well. * 7 High-Yield REITs to Buy (Even When the Market Tanks) Look for 5G to make the coming wireless oligopoly considerably more essential and, by extension, more profitable for holders of Verizon stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post 5G Making Verizon Stock Both an Income and a Growth Play appeared first on InvestorPlace.