After years of struggle, Verizon’s (NYSE: VZ) turnaround is gaining traction and driving shareholder value. Its push to build the most substantial 5G network in North America is paying off with increased share, penetration, and customer satisfaction, keeping it on track for sustained growth. Cash flow is another significant factor, improving sequentially and compared to the prior year, sufficient to enhance balance sheet health while reinvesting and paying dividends.
Among the critical takeaways for investors is that blue-chip, 5G industry-leading Verizon trades at less than half the valuation of the S&P 500, under 9x forward earnings, while yielding nearly 7% in early January. The value may not last much longer.
