Verizon Has a Lot to Prove in 2024

By Travis Hoium – Jan 11, 2024 at 6:45AM

NYSE: VZ

Verizon Communications

Market Cap

$167B

Today's Change

(1.17%) $0.46

Current Price

$39.68

Price as of April 26, 2024, 4:00 p.m. ET

Verizon is a great dividend stock but has plenty of risks due to low-price competition and struggling cash flows.

Verizon (VZ 1.17%) has started generating more cash flow and is paying down debt, but is it enough for the stock to outperform the market in 2024?

In this video, Travis Hoium covers the company's recent financials, where we're seeing growth, and why this could be a market outperformer this year.

*Stock prices used were end-of-day prices of Jan. 6, 2023. The video was published on Jan. 8, 2024.

Travis Hoium has positions in Verizon Communications. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.