Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 14, 2025

Article Excerpt

VERIZON COMMUNICATIONS INC., $43.57, New York symbol VZ, remains a buy. The telecom provider is the second-largest wireless carrier in the U.S. after AT&T Inc (New York symbol T). It also sells traditional telephone lines, high-speed Internet and TV services. The stock fell 6% this week after the company said it expects to sign fewer new cellphone subscribers to long-term contracts in the first quarter of 2025 compared to 2024. That’s because its competitors are aggressively discounting their plans as customers delay buying new phones due to inflation and the current economic uncertainty. The company noted that as a result of better-made devices, the average upgrade cycle is now closer to 42 months instead of 40 months. However, Verizon expects customer signups will improve over the course of the entire year as more contracts expire in 2025 compared to 2024. Verizon’s earnings will probably rise 2% to $4.67 a share in 2025, and the stock trades at just 9.3 times that forecast. What’s more, with the…