"Verizon's Resilience Amid Tech Slump: Analysts Weigh In on Its Bullish Trajectory for 2024"

Verizon Communications (NYSE: VZ) is highlighted as a potentially undervalued dividend stock in the competitive telecommunications sector. Despite facing challenges like increased competition and customer churn, Verizon has maintained strong free cash flow, enabling it to increase its dividend for the 17th consecutive year. With a high dividend yield and a forward price-to-earnings (P/E) ratio significantly below its 10-year average and those of competitors, Verizon presents an attractive opportunity for passive income investors, especially as the stock appears cheap going into 2024. However, it's worth noting that Verizon was not listed among the top stock picks by The Motley Fool's Stock Advisor service.