Verizon stock price hits fresh 52-week high near $50 as telecoms rally

Verizon stock price hits fresh 52-week high near $50 as telecoms rally

Verizon shares rose 1.6% to $49.78 Thursday, briefly touching $50.24, their highest in over a year, as telecom stocks outperformed a falling S&P 500. About 32 million Verizon shares traded by early afternoon. The move follows a January earnings forecast of at least $21.5 billion in annual free cash flow and a $25 billion share buyback plan. Investors await Verizon’s next update on Feb. 24. The post Verizon stock price hits fresh 52-week high nea…