"Yaghi described Verizon's momentum on subscriber loading and cost improvement as "strong" and views the shares as "cheap" at current levels. The data supports that characterization. Verizon trades at a forward P/E of around 10x with a dividend yield of 5.34%. The stock has climbed nearly 26% year-to-date, yet Scotiabank's $54.50 target still implies meaningful upside from current levels."
"Scotiabank's thesis rests on a multi-year cost story. The firm expects further cost reductions in 2027 and 2028, with price discipline combined with lower churn in wireless and broadband growth positioning Verizon to report better revenue growth ahead. The underlying metrics are already moving in that direction: postpaid phone net additions hit 568,000 in Q4 2024, up 26.5% year-over-year."
Scotiabank upgraded Verizon to Outperform with a $54.50 price target, citing strong subscriber growth and cost improvements. Verizon trades at a 10x forward P/E with a 5.34% dividend yield, having climbed 26% year-to-date. The upgrade reflects expectations for further cost reductions in 2027-2028, combined with price discipline and lower churn. Postpaid phone net additions reached 568,000 in Q4 2024, up 26.5% year-over-year, while fixed wireless access revenue grew 51.6% to $611 million. Barclays initiated ITT with a cautiously positive view. Both upgrades reflect confidence in sustained infrastructure and network spending, though Verizon's $144 billion debt load presents a risk.
Read at 24/7 Wall St.
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