Verizon Communications (VZ) presents an interesting investment case with various institutional investors increasing their holdings. Notably, Gateway Investment Advisers LLC and Opal Wealth Advisors LLC have boosted their stock positions. Unfortunately, over the past five years, VZ has seen a 5.4% drop, putting a damper on investor confidence. However, VZ's 12% ROE is above average and may pave the way for recovery. Despite shaky market conditions VZ stock has traded up by 0.8% and 1.4% separately. As for the company's dividends, the view is mixed. There are concerns about the likely reduction by the Fed, but others see VZ as a valid dividend play especially since the firm has maintained strong returns.Despite alarm about an uptick in requests for iPhone upgrades, revenue misses and its shares falling, VZ exceeded market returns and even surged on solid earnings results. It also improved its network in Fresno, CA. VZ remains favored by institutional owners holding 63-64% of the company. Its Q2 earnings surpassed estimates but also, notably it reported in-line Q2 EPS. Finally, despite a second-quarter revenue miss, the stock performance remains strong.
Verizon Communications VZ News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 15:34:26 GMT -
Rating 0
- Innovation 4
- Information 6
- Rumor -6
