Verizon Stock Seems To Have Peaked After Its 20% Recovery
- Date: 29-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
Verizon Stock Seems To Have Peaked After Its 20% Recovery
NEW YORK CITY, UNITED STATES - 2020/02/20: American multinational telecommunications conglomerate ... [+] Verizon store logo seen in New York City. (Photo Illustration by Alex Tai/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
We believe there may be better opportunities than Verizon stock (NYSE: VZ) at the present time. VZ trades at $59 currently and is at par with the levels seen at the beginning of this year. It traded at a pre-Covid high of $60 in February and has almost fully recovered to that level now. Also, VZ stock has gained around 21% from the low of $49 seen in March 2020, with the company focusing on investment in 5G expansion and tying up with Disney, which is expected to lower
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