Verizon Communications (VZ) continues to attract investor attention due to several strategic moves and earnings performance. The company offers free Netflix subscriptions to enhance its customer base and remains well-prepared for disasters like Hurricane Hone. Despite lagging behind the S&P 500, its stock shows potential as a dividend play. The stock has seen fluctuations with periods of rise, fall, and recoveries. The move to woo customers with Netflix saw a 5% rise in the company's shares since the last earnings report. However, over the last five years, investors have faced a loss of 5%. An anticipated iPhone upgrade cycle could surge equipment revenues. The company is heavily dominated by institutional owners, holding 63-64% of the shares. Q2 earnings met estimates, though with a slight revenue miss. Yet, the firm's steady dividends make it a preferred choice among deep-value investors. On April and July 22, 2024, Verizon reported earnings, including exceeding estimates and registering wireless service revenue growth, and strong cash flow. Despite some concerns over reinvestments at lower rates of return, Citigroup has upgraded Verizon, proving it as an upgraded investment opportunity.
Verizon Communications VZ News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sun, 25 Aug 2024 20:01:55 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
