Name of opportunity: 👀
Verizon Communications Inc
Potential acquisition deal 🤝
Telecommunications company Verizon has increased in price slightly over the past day, this might be because the company recently announced it wants to buy Frontier Communications network to improve communications in West Virginia.
Verizon is an income stock, which means it pays out a significant portion of its profit to shareholders via dividends. Verizon has a dividend yield of 6.44%, which means if you invested $1000 you might be paid $64.40 a year in dividends (based on the last 12 months).
Analysts are currently calling this stock a ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Verizon Communications Inc. might increase from $41.70 to $45.36 in the next 12 months. If you invested $1000, you might profit $87.78.
Verizon has recently announced it wants to buy Frontier Communications network, aiming to improve communications across West Virginia. This might mean improved customer service and infrastructure upgrades.
This could lead to better landline services for residents of West Virginia. This might have boosted investor confidence in Verizon, which might be the reason behind the small price increase. If this acquisition is approved, this would make Verizon the largest telecommunications company in the state.
Major telecommunications company 📶
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, and is the second-largest by revenue in the world!
Which neme?: 🔍
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