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Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Buy VZ
up 47.43 %

Barron's picks 10 stocks as good dividend bets

Posted on: Monday,  Feb 15, 2010  9:52 PM ET by Barron's picks 10 stocks as good dividend bets

Barron's picks 10 stocks as good dividend bets rated Buy Verizon Communications Inc. (NYSE: VZ) on 11/22/2009, when the stock price was
$31.33. Since then, Verizon Communications Inc. has gained 47.43% as of 08/27/2015's recent price of $46.19.
If you would have followed this Barron's picks 10 stocks as good dividend bets's recommendation on VZ, you would have gained 47.43% of your investment in 2104 days.

Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless?s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline?s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.

Barron's Nov 23 edition cited Banco Santander's relative financial strength in a troubled industry as well as its geographic diversity and a 10-year return rate of 9.2 percent, annualized through Oct 30 2009. It also picked Nestle, the world's largest food processor, citing its product diversity and geographic reach in developed and emerging markets. Barron's also pointed to the company's $100 billion in annual sales and its ability to keep gaining market share in many of its markets.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/22/2009 4:00 PM Buy
None
31.33
as of 12/31/2009
1 Week up  4.76 %
1 Month up  11.09 %
3 Months up  11.55 %
1 YTD up  11.55 %

(*) Stock Price at the time of the recommendation.
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