Verizon Communications Inc. (VZ) Announces Quarterly Dividend

​In different news, CNBC Television connected November 20 noted that Verizon Communications Inc.’s (NYSE:VZ) CEO Dan Schulman sent a missive to the company’s employees announcing the layoffs of much than 13,000 employees. This follows the earlier study by Reuters connected November 13, which revealed that the institution planned to trim its workforce by 15,000 employees.

​Schulman noted the layoff reflects the management’s efforts to trim the company’s outsourced and different extracurricular expenses. The CEO besides noted mounting speech $20 cardinal arsenic a rescaling and vocation repositioning money for the laid-off employees.

​Verizon Communications Inc. (NYSE:VZ) has been facing accrued contention with its peers offering cheaper plans, and the banal has lone been marginally up by 3.68% year-to-date. Analysts’ 12-month mean terms people of $46 reflects 10.34% upside from the existent level.

​​​Verizon Communications Inc. (NYSE:VZ) is simply a holding institution that offers communications and exertion services done its subsidiaries.

While we admit the imaginable of VZ arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.