After 3 years, Verizon Communications Inc. (NYSE: VZ) stock is back on the starting line. While it might be frustrating for the investors, periods of sideways price movement have been reoccurring throughout its history. Yet, with a high 4.8% yield and some new developments, the stock might be undervalued at the moment. This article will examine this possibility through a discounted cash flow (DCF) method.
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While AT&T (T) is presently offering HBO MAX at $7.49 per month for six months in a limited promotional deal till Sep 26, Verizon (VZ) will provide 5G mobility service to seven Air Force Reserve Command installations.