Verizon Is Benefiting From Strong Wireless Growth. Is Now the Time to Buy the Stock?

Verizon Communications (NYSE: VZ) continued to post strong subscriber growth in the fourth quarter, helping lift the stock. However, the stock has nonetheless traded lower over the past year. With an attractive forward dividend yield of about 6.7%, the question is whether now is a good time to buy the stock. Let's take a closer look at its most recent results to find out. Verizon's wireless business continues to be its biggest contributor, with revenue rising 3.1% year over year to $20 billion. Impressively, it was the 18th straight quarter of sequential revenue growth. The company added 568,000 total postpaid net additions in the quarter, including 426,000 wireless retail postpaid phone net additions. It said Q4 had its biggest postpaid phone gross additions in five years. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool