Filed under: Verizon Communications (VZ), Stocks to Buy
Verizon Communications (VZ), first discussed here on February 12, 2009, at a price of $29.86, has pushed through $30 resistance with room to spare, and one could make the argument that VZ is overvalued at this stage.
But that’s not the argument favored here.
Look for slow growth/dividend play Verizon to post a 2% to 2.5% revenue gain in 2011, after flatish revenue in 2010, with data services being the key revenue increase driver. Meanwhile, Verizon’s landline business continues to provide revenue stability.
Continue reading Is Verizon Overvalued?
Is Verizon Overvalued? originally appeared on BloggingStocks on Thu, 27 Jan 2011 15:30:00 EST. Please see our terms for use of feeds.








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