Verizon Communications Inc. (#VZ) is a leading telecommunications company in the United States, with a diverse customer base and a robust revenue stream. The company operates in an industry that is considered relatively resilient to economic cycles, as communications services are in demand even at times of economic instability.
The company is renowned for its consistent dividend policy. This attracts investors seeking regular returns on their investments. The majority of analysts offer an optimistic outlook for the VZ stock price in the long term. In the previous cycle, stock prices were declining, but in 2023, the rate embarked on an upward trajectory.
Investors are questioning whether Verizon stock can offer more than a consistent dividend yield. Another key question is whether the company’s shares can grow in value, especially given the highly competitive industry landscape. This analysis aims to unpack Verizon's potential, examining these and other burning questions about the future of this telecommunications company.
The article covers the following subjects:
- Highlights and Key Points: Verizon Stock Forecast for 2024-2030
- Verizon Stock Price for Today Coming Days and Week
- Analysts’ Verizon Stock Projections for 2024
- Verizon (VZ) Stock Technical Analysis
- Long-Term Verizon Shares Technical Analysis for 2024
- Long-term trading plan for Verizon Communications Inc. (#VZ)
- Analysts’ Verizon Stock Projections for 2025
- Analysts’ Verizon Stock Projections for 2026
- VZ Stock Price History
- Long-Term Verizon Stock Forecast for 2027-2030
- About Verizon Communications Inc. Stock
- Which Factors Impact Verizon Communications Inc.?
- Conclusion: Is Verizon Stock a Good Investment?
- FAQs on Verizon Price Prediction
Highlights and Key Points: Verizon Stock Forecast for 2024-2030
- Verizon stock is currently priced at $41.80.
- During the next month, the VZ stock is expected to trade within the range of $39.66 - $42.63.
- Over three months, the price may break out of the $39.66 - $42.63 range, piercing its either upper or lower boundary. Most experts anticipate that the price will appreciate. Consequently, buyers will likely push the price above $42.63 and consolidate above this level. In this scenario, the stock may rise to the target of $52.12.
- The majority of forecasts for 2024 indicate that the stock will trade near $40.00. However, if the price breaches the upper boundary of the $39.66 - $42.63 range, Verizon will establish a new uptrend that will persist until the end of the year. Subsequently, the share price will likely reach $52.12.
- Analysts project that Verizon's stock price will fluctuate in the long term, potentially reaching $6.25 in August 2029 and $62.48 in December 2028, before rising to $78.48 by the end of 2030.
- Verizon's stock price is dependent on several key factors, including average revenue per user, wireless adoption potential, growth in the prepaid segment, revenue from wireless equipment sales, and broadband internet operations over the FiOS fiber optic network.
- The company has a proven track record of consistently paying dividends, even during periods of declining stock prices. Dividend income provides investors with the means to navigate temporary drawdowns and difficulties.
- Analysts generally anticipate long-term price appreciation, and the stability of dividend payments makes the company an attractive option for long-term investments.
Verizon Stock Price for Today Coming Days and Week
When making a short-term forecast of Verizon's stock price, consider company-specific news such as earnings reports and strategic developments. In addition, analyze trends in the telecommunications sector, including regulatory changes and competitive dynamics. Technical analysis tools like Moving Averages and RSI can provide insights into market sentiment.
Besides, consider broader economic indicators and global events that could impact investor confidence and market trends. This holistic approach offers a comprehensive view of potential movements in Verizon's stock price in the coming days and weeks.
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Analysts’ Verizon Stock Projections for 2024
Let's take a look at expert forecasts for the VZ stock price in 2024. Currently, all projections indicate that the price will likely fluctuate moderately. Trading activity is expected to remain within a relatively narrow range without a pronounced trend.
The current market situation requires participants to open short-term positions, aiming to capitalize on minor price fluctuations and generate modest profits. However, it is essential to consider that forecasts may evolve in the autumn of 2024 due to potential shifts in the Fed's stance on interest rates and the outcome of the US presidential election.
CoinPriceForecast
Price range in 2024: $41.15 - $41.31 (as of August 12, 2024)
CoinPriceForecast projects Verizon stock to reach $41.31 at the end of 2024. The forecast assumes no trend in the second half of the year. Consequently, the price will continue to trade in the $41.15 – $41.31 range between key resistance and support levels, with a small tendency to rise.
| Year | Year-End, $ |
|---|---|
| 2024 | 41.31 |
WalletInvestor
Price range in 2024: $38.187 - $39.657 (as of August 12, 2024)
Walletinvestor also expects that there will be no significant changes in Verizon's share price in 2024. The forecast assumes trading in a very narrow range between $38.187 and $39.657 from September to December 2024. The US Federal Reserve will make a major interest rate decision in September that could significantly impact US stock markets.
Investors should keep in mind that long-term forecasts are based on historical data and do not consider the changes in political trends and monetary policy worldwide.
| Month | Opening, $ | Closing, $ | Minimum, $ | Maximum, $ |
|---|---|---|---|---|
| September | 39.633 | 38.810 | 38.810 | 39.657 |
| October | 38.780 | 38.274 | 38.187 | 38.780 |
| November | 38.308 | 38.382 | 38.224 | 38.382 |
| December | 38.413 | 38.413 | 38.386 | 38.513 |
PandaForecast
Price range in 2024: $39.79 - $44.18 (as of August 12, 2024)
PandaForecast's estimate is flat. The price will likely trade in a narrow range between $39.79 and $44.18, experiencing a few corrections along the way
Investors are advised to consider opening short-term positions and closing them at the opposite end of the range. They should also focus on intraday trading until the price develops a clear trend.
Verizon (VZ) Stock Technical Analysis
Let's analyze Verizon shares on the daily chart to gain insight into the historical price performance.
In 2022 and 2023, Verizon's stock price declined considerably. In October 2023, the stock price reached a low of $30.13, after which it began to recover. As part of a new uptrend, the price exceeded the 190-day exponential moving average (EMA190) in November 2023 and consolidated above it. In 2024, the upward trajectory continued, and the stock reached above the January 2023 high near $42.57.
In recent months, the stock price has maintained a downward correction within the long-term uptrend. As part of the correction, the asset hit a new low in the $38.47 area in April 2024, testing the long-term EMA190. The price managed to hold above the moving average, indicating that the sustained uptrend is still intact.
In July 2024, the price failed to break through the EMA190 again. Today, it continues to increase. Therefore, it would be advantageous to consider purchasing the instrument in the long term.
To make an in-depth forecast on Verizon shares, let's plot horizontal support and resistance levels, as well as the Ichimoku indicator to the chart.
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#VZ Stock Analysis For Next Three Months
To make an accurate three-month forecast of the #VZ rate, it is recommended to use a daily chart with the Iсhimoku indicator. These tools will help identify the trend and potential pivot points.
First of all, let's determine the key support and resistance levels. The April 4 high of $43.42 offers the resistance level. If the price breaches this level from below, the long-term uptrend will likely continue with a target of $46.50. The support level is at the April 22 low of $38.56. A decline below this level would signal a new downtrend with a target of $35.26. The intermediate resistance level is located at $42.51. Long trades can be closed at this level.
The Ichimoku indicator shows that Verizon was trading in a long-term uptrend until the end of April 2024. Subsequently, bears attempted to reverse the uptrend, and the Ichimoku cloud turned red. However, the price breached the cloud from below in July, embarking on an upward trajectory again.
The price is trading above the green Iсhimoku cloud. The Tenkan line is currently directed downward. However, the price has broken this line, which suggests that the line may acquire an upward direction in the future. The Kijun line is horizontal, indicating the absence of a medium-term trend.
In conclusion, the outlook for the next three months suggests that the uptrend will likely continue to the resistance level of $42.51. Should this threshold be surpassed, the potential for growth up to $43.42 becomes a realistic prospect. It would be advantageous to consider purchasing the asset at the Span A and Span B lines, which correspond to the Ichimoku cloud at $40.32–$40.10 and $40.50 respectively.
Long-Term Verizon Shares Technical Analysis for 2024
Long-term analysis requires switching to the W1 time frame, marking key levels at highs and lows, and adding the Ichimoku indicator to the chart.
On the weekly chart, the market situation becomes clearer. Until October 2023, the price was trading in a downward trend, as evidenced by the red Ichimoku cloud. In October, bulls started to buy the stock, establishing upward momentum and reversing the downtrend. In addition, the price reached the $42.56 level.
The #VZ price is maintaining an upward trajectory. A green cloud has formed to the right of the price, confirming the uptrend. The price is trading above the cloud, which serves as a strong support area.
The key technical support levels are $38.56 and $34.60. The $34.60 level offers a trend boundary. Thus, long trades can be opened after the price tests the Ichimoku cloud and technical support levels.
If the uptrend gains traction and the resistance of $42.56 is broken through, the growth is likely to continue. The initial target will be $46.52. Should the uptrend prove robust, the level of 46.52 will likely be breached. Following this scenario, the price will reach the high of June 2022 in the area of $52.15 by the end of the year. This target level may limit the asset's growth potential in 2024.
Let's add the Bulls Power indicator to the chart to ascertain whether it would be profitable to purchase the stock at the current price.
The indicator readings demonstrate that the histogram is above zero, indicating the current strength of buyer interest. Therefore, consider purchasing shares at the current price with the target at $42.56 and the second target at $46.52. Should the price grow to $46.52, investors will be able to gain a 14% profit on their long trades.
| Month | Verizon Communications Inc. (#VZ) Projected Values | |
|---|---|---|
| Minimum, $ | Maximum, $ | |
| August | 39.70 | 44.00 |
| September | 42.56 | 46.52 |
| October | 45.80 | 48.20 |
| November | 47.70 | 50.20 |
| December | 48.80 | 52.15 |
Long-term trading plan for Verizon Communications Inc. (#VZ)
Verizon's stock price is influenced by a number of factors, including financial performance (revenue, earnings, dividends), general economic conditions (inflation, interest rates), the state of the telecommunications industry (competition, regulation) and the introduction of new technologies (5G). The company's stock price is on an upward trajectory due to the introduction of new technologies, lower inflation in the US and the Fed's intention to cut interest rates in September 2024.
- The stock may touch the resistance level of $42.56 over the next month. Bulls will attempt to break through this level.
- If the $42.56 level is breached, the share price will continue to increase over the next three months, reaching $46.52.
- The long-term uptrend will continue if the price exceeds the $46.52 level. In this scenario, #VZ will reach the June 2022 high near $52.15. In 2024, this mark offers the highest growth target.
- An alternative scenario assumes selling the asset if the support level of $38.56 is breached, allowing bears to drag the price to a key level of $34.60. If the stock pierces this threshold, it may plunge deeper below the 2023 low of $30.15.
- Notably, long-term forecasting does not account for the potential impact of unforeseen circumstances, such as geopolitical instability and shifts in the US government's policy following the 2024 elections.
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Analysts’ Verizon Stock Projections for 2025
Let's examine the predictions made by experts on the future price of Verizon (VZ) stock in 2025. The majority of analysts agree that the stock will trade within a narrow range without sharp fluctuations. However, some analysts anticipate a decline in the stock price to $31.523.
CoinPriceForecast
Price range in 2025: $41.86 - $41.96 (as of August 12, 2024)
The CoinPriceForecast outlook anticipates a bullish trend for Verizon stock in 2025. The price is projected to rise with the closing of 2024 — the target price at the year-end is $41.96, according to the forecast. Analysts predict that 2025 will mark the beginning of a sustained upward trajectory.
| Year | Mid-Year, $ | Year-End, $ |
|---|---|---|
| 2025 | 41.86 | 41.96 |
WalletInvestor
Price Range for 2025: $ 20.153–$28.666 (as for April 29, 2024)
Analysts at WalletInvestor project a decline in the share price of #VZ throughout 2025. The year will open at $38.356, and by July, the stock price will reach a value of $34.869. By December, it will close at $31.523. This indicates that the price will break out of the current range and approach the 2023 low in the area of $31.4.
Given these circumstances, it is advisable to proceed with caution when considering long-term investment in Verizon stock. Investors should always conduct thorough market analysis before making any investment decisions.
| Month | Opening, $ | Closing, $ | Minimum, $ | Maximum, $ |
|---|---|---|---|---|
| January | 38.356 | 37.409 | 37.409 | 38.383 |
| February | 37.272 | 36.681 | 36.681 | 37.272 |
| March | 36.559 | 36.744 | 36.278 | 36.744 |
| April | 36.809 | 35.951 | 35.951 | 36.928 |
| May | 35.910 | 35.052 | 35.049 | 35.910 |
| June | 34.959 | 34.847 | 34.804 | 34.966 |
| July | 34.869 | 34.128 | 34.128 | 34.869 |
| August | 34.126 | 32.869 | 32.859 | 34.126 |
| September | 32.808 | 32.019 | 32.019 | 32.828 |
| October | 31.905 | 31.468 | 31.357 | 31.905 |
| November | 31.457 | 31.525 | 31.387 | 31.525 |
| December | 31.557 | 31.523 | 31.523 | 31.671 |
PandaForecast
Price range in 2025: $39.40 - $45.82 (as of August 12, 2024)
PandaForecast estimates that the company's stock price in 2025 will grow with some corrections. The forecast indicates that the stock price could reach a high of $45.82 in 2025 and a low of $39.40. The trading range is quite wide, but investors should keep in mind that .
In summary, the forecast implies flat trading for the VZ share price throughout 2025.
| Month | Minimum, $ | Average, $ | Maximum, $ |
|---|---|---|---|
| January | 39.40 | 40.68 | 42.17 |
| February | 41.28 | 41.72 | 43.32 |
| March | 41.54 | 43.16 | 43.96 |
| April | 43.38 | 44.17 | 45.85 |
| May | 42.34 | 43.31 | 43.77 |
| June | 40.31 | 41.69 | 43.33 |
| July | 41.17 | 42.27 | 43.16 |
| August | 40.30 | 41.64 | 42.32 |
| September | 41.45 | 42.41 | 43.15 |
| October | 43.24 | 44.08 | 45.34 |
| November | 42.20 | 43.53 | 44.14 |
| December | 43.25 | 44.23 | 45.82 |
Analysts’ Verizon Stock Projections for 2026
Most experts agree that the VZ share price will experience growth in 2026. Some analysts project a price increase to $47.45 by year-end, while others predict a rise to $54.23. In both cases, a moderate upward trend is expected to develop.
Notably, WalletInvestor offers a forecast opposite to the previous one, assuming a decline in the rate to $24.693 in 2026. While unlikely, this potential outcome should be considered when making investment decisions.
CoinPriceForecast
Price range in 2026: $46.21 - $54.23 (as of August 12, 2024)
According to CoinPriceForecast, Verizon stock will increase in 2026. The price will start trading at $41.96, reaching $46.21 by mid-year and concluding at $54.23. This optimistic forecast suggests that the stock will maintain a smooth uptrend.
| Year | Mid-Year, $ | Year-End, $ |
|---|---|---|
| 2026 | 46.21 | 54.23 |
WalletInvestor
Price range in 2026: $24.516 - $31.552 (as of August 12, 2024)
Based on Walletinvestor projections, the VZ rate is expected to gradually decrease throughout 2026, reaching $24.693 by December. Given that volatility is anticipated to remain below 4% per month, the decline is likely to be gradual with minor corrections.
| Month | Opening, $ | Closing, $ | Minimum, $ | Maximum, $ |
|---|---|---|---|---|
| January | 31.525 | 30.628 | 30.628 | 31.552 |
| February | 30.483 | 29.887 | 29.887 | 30.483 |
| March | 29.767 | 29.928 | 29.446 | 29.928 |
| April | 29.910 | 29.131 | 29.131 | 30.088 |
| May | 29.115 | 28.251 | 28.249 | 29.115 |
| June | 28.153 | 28.042 | 27.969 | 28.158 |
| July | 27.981 | 27.330 | 27.330 | 27.995 |
| August | 27.210 | 25.986 | 25.986 | 27.210 |
| September | 26.004 | 25.144 | 25.144 | 26.004 |
| October | 25.088 | 24.625 | 24.516 | 25.088 |
| November | 24.619 | 24.701 | 24.545 | 24.701 |
| December | 24.746 | 24.693 | 24.691 | 24.832 |
PandaForecast
Price range in 2026: $42.36 - $47.68 (as of August 12, 2024)
Analysts at PandaForecast offer an optimistic outlook for Verizon stock in 2026. The VZ price will grow throughout most of the year. In February, May and October the corrections are possible, but an average price will reach the level of $46.61 by December.
The maximum price is projected to reach $47.68 in August, indicating an active trading with average corrections remaining within the normal risk range.
| Month | Minimum, $ | Average, $ | Maximum, $ |
|---|---|---|---|
| January | 43.23 | 44.80 | 45.76 |
| February | 42.43 | 44.02 | 44.90 |
| March | 43.95 | 44.44 | 46.08 |
| April | 43.78 | 45.30 | 46.46 |
| May | 42.36 | 43.76 | 44.75 |
| June | 42.42 | 44.05 | 45.02 |
| July | 43.20 | 44.35 | 44.80 |
| August | 43.22 | 44.60 | 46.23 |
| September | 44.75 | 45.78 | 47.02 |
| October | 44.30 | 45.12 | 45.88 |
| November | 45.28 | 46.52 | 47.68 |
| December | 45.05 | 46.61 | 47.45 |
VZ Stock Price History
Over the years from 2000 to 2022, VZ stock has demonstrated a pattern of significant fluctuations alongside consistent dividend payments. In the 2010s, the stock experienced notable movements, such as closing at $53.38 in December 2016, which peaked during this period. This was followed by varying trends in the subsequent years, with the stock reaching a high of $61.95 in December 2020. Throughout these years, VZ consistently rewarded its investors with dividends, reflecting its commitment to shareholder returns despite market volatility.
In more recent years, up to 2022, the stock continued its trend of fluctuations. For instance, it closed at $39.40 in December 2022, down from its earlier highs. This period was characterized by the stock's resilience in the face of market changes, with regular dividend payments marking each quarter.
Long-Term Verizon Stock Forecast for 2027-2030
Providing any long-term forecasts is inherently associated with a significant degree of uncertainty. Therefore, it is essential to closely monitor the US economic landscape and the specific trends within the company's industry. It is recommended that you update your forecast regularly and conduct market research to adjust your trading strategy if necessary.
CoinPriceForecast indicates that Verizon stock is set to continue its long-term uptrend between 2027 and 2030. The stock is projected to reach $78.48 by the end of 2030.
The projected outcome is contingent upon the company's ability to sustain robust financial performance, foster innovation, and effectively navigate an increasingly competitive telecommunications landscape. In addition, the company's share price will be influenced by the overall sentiment in the stock market.
| Year | Mid-Year, $ | Year-End, $ |
|---|---|---|
| 2027 | 55.36 | 56.95 |
| 2028 | 60.92 | 62.48 |
| 2029 | 67.29 | 69.18 |
| 2030 | 74.32 | 78.48 |
About Verizon Communications Inc. Stock
Verizon Communications provides broadband Internet, wireline, and wireless communications services to consumers, businesses, and governments. The company's businesses include the Internet, telephony, global data, and cloud storage.
VZ Stock at Glance
Below is a quick summary of VZ stock:
- Market Cap: $168.35 billion
- Forward Dividend & Yield: 2.66 (6.49%)
- PE Ratio: 15.03
- EPS: 2.66
- Public Float: $4.20 billion
- Net Income (Loss): $6.58 billion
- Total Cash: $2.49 billion
- Total Debt/Equity: 182.83%
- Levered Free Cash Flow: $8.38 billion
Today, Verizon Communications represents a conglomerate of three telecom companies that went through eight stock splits before they merged.
| Date | Split Level | Future Verizon Company |
|---|---|---|
| May 15, 1960 | 3-for-1 | GTE |
| April 17, 1986 | 2-for-1 | Bell Atlantic |
| May 1, 1986 | 2-for-1 | NYNEX |
| Feb. 12, 1987 | 3-for-2 | GTE |
| May 1, 1990 | 2-for-1 | Bell Atlantic |
| June 22, 1990 | 2-for-1 | GTE |
| Aug. 16, 1993 | 2-for-1 | NYNEX |
| June 29, 1998 | 2-for-1 | Bell Atlantic |
Verizon holds a dominant market position, with its biggest competitor being AT&T. Each of the companies is roughly twice the size of smaller rivals T-Mobile and Sprint. This allows Verizon to have the financial flexibility to keep up the trend of advancing the network, returning capital to shareholders, and acquiring new companies.
Verizon stock price for today (02.09.2024) is $41.80.
Which Factors Impact Verizon Communications Inc.?
Many factors affect the value of any financial asset. Let's take a look at some of the factors that drive the VZ stock.
- Pressure on Average Revenue Per User (ARPU). The introduction of unlimited plans, which cap overage fees, might limit ARPU growth and high-value customer upsides.
- Stable Wireless Margins. Wireless margins are expected to remain unchanged, which is positive for VZ stock.
- Expansion in Prepaid Business. An improved retail footprint and higher data attach rates could drive growth in Verizon's prepaid segment.
- Increase in Wireless Equipment Revenues. New smartphone launches from major brands like Apple and Samsung are anticipated to boost the company’s yearly revenues.
- Growth in FiOS Broadband Operations. Based on Fiber-To-The-Home (FTTH) technology, FiOS broadband is expected to grow with increasing speeds.
- Impact of Stock Market Trends. VZ stock is influenced by overall market trends, analyst predictions, and investor sentiment on Wall Street.
- External Economic Factors. The broader economic environment, including industry trends and technical analysis, can influence Verizon stock.
Conclusion: Is Verizon Stock a Good Investment?
Analysts anticipate that VZ shares will trade in a range of $39.70 to $44.00 over the short term. It is advisable to sell the instrument from the upper boundary and buy from the lower one while it is trading in the range.
The three-month forecast assumes a probable upward trajectory. The VZ price may breach the $42.56 level and climb to the $46.52–$48.00 range. Thus, long trades can be considered for a three-month period, although it would be better to wait for the price to break out of the current sideways channel, exceeding the $42.56 level.
On a longer-term basis, the forecasts diverge. Most analysts anticipate growth in Verizon’s rate. Analysts suggest that the maximum possible growth target for 2024 will be $41.94.
Between 2025 and 2030, experts forecast VZ quotes to increase. The forecasts are quite conservative, with growth projected to be in the low single digits. A realistic and achievable growth target would be within the range of $74 - $78. To achieve this goal, Verizon should demonstrate stable financial indicators and maintain a competitive position in the telecommunications market, adapting to changing market and consumer trends.
Some analysts also project a decline in the stock price. This viewpoint is held by a minority of analysts. However, investors should be aware that the stock price may plunge to $31.523, although such a forecast is highly unlikely to come true.
Verizon stock may be of interest to those seeking a balance between dividend income and potential growth. It is imperative that you conduct thorough research and a comprehensive risk assessment before making any investment decisions.
FAQs on Verizon Price Prediction
The current price that Verizon is trading at is around $41.80 per share as of today 02.09.2024.
The target price for Verizon shares in 2024 is projected to stand near $41.94. Should the market price exceed this level, the VZ quotes will continue to appreciate.
The decision to purchase or sell Verizon stock depends on the investor's specific financial objectives and their own personal risk tolerance. In the context of the next 30 days, it may be advantageous to consider sales at $42.56 and purchases at $38.56. Over the three-month period, long traders can be opened with the target of $46.52. The majority of longer-term forecasts assume an increase in the VZ price.
Some experts have expressed differing views on the projected price trajectory for the Verizon share price. Some analysts project that the share price will remain relatively stable, trading in the range of $42–$46 by the end of the year. Others believe the price may decline to $31.5.
Analysts believe that the VZ stock price will appreciate over the next five years. A realistic target range of $67-$69 is likely to be achieved in an uptrend. However, much will depend on the industry landscape, general market sentiment, and US domestic and foreign policy.
Analysts estimate that Verizon's stock price could reach $74 by mid-year and $78 by the end of the year in 2030. The company's growth potential depends on its ability to innovate, maintain competitiveness, apply AI technologies, and expand its range of services.
Verizon presents a multifaceted investment opportunity recognized for its attractive dividend yield and potential for capital appreciation. However, VZ's share price is primarily influenced by the state of the telecommunications industry and external factors such as market sentiment and the absence of pandemics and crises.
Verizon is widely recognized for its attractive dividend yield, making it a potentially good choice for investors seeking reliable dividend income. Additionally, this stock's dividend is growing, which adds to its appeal to those seeking a long-term investment with growing income.
Price chart of VZ in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
