Verizon Communications (VZ) is positioned for anticipated earnings surpassing estimates, primarily due to strategies implemented to enhance customer retention including a new three-year price lock guarantee and gratuitous phone offer.
Various investment firms appear to be capitalizing on
VZ's momentum, with significant share purchases from Huntington National Bank, CIBC Private Wealth Group LLC, Yoffe Investment Management LLC, and others. Concurrently, numerous firms are reducing their stakes, notably Alliancebernstein L.P who sold 484,467
VZ shares. Despite this mixed investor response, VZ remains an attractive option for investors looking for high yield and affordable stocks.
Jim Cramer's negative outlook states that VZ is not performing well, recommending AT&T as a better alternative. However, Verizon has expanded its global IoT reach through partnerships with Singtel and Skylo, and unveiled a cutting-edge GenAI assistant tool to support small businesses. Despite some stock fluctuations, there is a bullish consensus among analysts forecasting strong price appreciation.
Looking ahead, a new three-year price lock guarantee for customers aims to bolster VZ's financial performance. As the market volatility rises, Verizon continued to excel with strong customer growth and profitability in 2024.
Verizon Communications VZ News Analytics from Fri, 24 Jan 2025 08:00:00 GMT to Sat, 05 Apr 2025 20:49:28 GMT -
Rating 3
- Innovation 5
- Information 6
- Rumor -1
