Name of opportunity: 👀
Verizon Communications Inc
Price increase 📈
Leading telecommunications company, Verizon, has seen a price increase over the past day, as the stock creeps up by 1.32%. This might be for several reasons, one being the company has revealed it plans to incorporate AI-driven solutions going forward.
Verizon is an income stock, which is a company that pays out a significant portion of its profit to shareholders through dividends. Verizon is an income stock as it offers a high dividend yield of 6.25%, which means if you invested $1000 you might be paid $62.50 a year in dividends (based on the last 12 months).
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Verizon might increase from $42.95 to $45.36 in the next 12 months. If you invested $1000, you might profit $56.12.
Verizon recently reported its quarterly earnings, which revealed solid results but also a loss in customers. Verizon’s results showed an increase of 2.7% in wireless service revenue compared to a year ago. However, Verizon also reported losing 289,000 net postpaid wireless phone customers during Q1, but has revealed AI may be the solution to fight this churn.
To improve customer retention, Verizon plans to launch customer-focused AI solutions in the second half of this year, in order to combat a loss in customers. The company’s CEO has said it has invested resources into improving customer experience through incorporating AI.
Despite a loss in customers, Verizon plans to utilise AI moving forward, and the stock is predicted to grow over the next 12 months. The average analyst recommendation for Verizon is ‘buy’.
Largest U.S wireless carrier 📶
Verizon Communications Inc is an American telecommunications company that is the world’s second-largest telecommunications company by revenue, and is headquartered in New York City, New York, United States.
Which neme?: 🔍
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