Name of opportunity: 👀
Verizon Communications Inc
Supporting small businesses 🙌
Technology company Verizon has risen in price by 2.67% over the past day. This increase might be because the company has recently announced that they’ll be pledging $5 billion to support small business suppliers across the U.S., through its Small Business Supplier Accelerator.
Verizon is currently generating strong cash flow and revenue, which indicates solid financial stability. The company is also a great option for investors that prioritise dividend stocks, as Verizon’s current dividend yield is 6.18%. This means that if you invested $1000 you might be paid $61.80 a year in dividends (based on the last 12 months).
Analysts are currently calling Verizon a ‘buy’- could this be the next stock in your portfolio?
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Verizon might increase from $43.48 to $45.36 in the next 12 months. If you invested $1000, you might profit $43.25.
Over the next 5 years, Verizon plans to invest $5 billion into small businesses in the United States, which aims to help these businesses access large supply chains. Verizon’s CEO has said that the company is “committed to empowering local businesses and communities”, which this investment further solidifies. This initiative may have created some positive sentiment around Verizon, which might be why the stock price has seen an increase over the past day.
This $5 billion dollar investment scheme combined with Verizon’s Small Business Digital Ready platform, (a free online hub of resources) signals that Verizon is a leader in the telecommunications industry, which might boost investor confidence.
Verizon has also recently announced that it now offers customers a trade-in deal, which involves sending an old phone to them in exchange for credit towards your new one. The deal involves committing to Verizon for three years, which might mean this deal sees an increase in new customers.
Telecommunications 📳
Verizon is an American telecommunications company that is headquartered in New York, United States. The company’s mobile network is the largest wireless carrier in the U.S.
Which neme?: 🔍
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