How To Earn $500 A Month From Verizon Stock On Heels Of Analyst Upgrade
Portfolio Pulse from Avi Kapoor
Verizon Communications Inc. (VZ) shares closed higher amid stock market strength. The company is expected to report Q1 2024 earnings with a slight decrease in EPS but an increase in revenue. Analyst Steve Malcolm upgraded Verizon to Neutral with a $39 price target. Verizon's dividend yield stands at 6.40%, with calculations showing the number of shares needed to earn $500 or $100 monthly from dividends. The dividend yield fluctuates with stock price and dividend payment changes.
March 28, 2024 | 12:31 pm
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Verizon Communications Inc. is expected to report a slight decrease in EPS but an increase in revenue for Q1 2024. The stock received an upgrade from Sell to Neutral by analyst Steve Malcolm with a $39 price target. The company offers a dividend yield of 6.40%.
The positive outlook on Verizon's revenue, combined with the recent analyst upgrade, suggests a potential short-term positive impact on VZ's stock price. The high dividend yield further adds to its attractiveness, potentially drawing investor interest.
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