Verizon Communications Inc. (VZ) continues to be a favorite among
institutional investors, maintaining a solid
64% ownership. The company's
stock performance displays regular fluctuations, occasionally exceeding market returns, while other times dropping despite market gains. Recently, Verizon launched a
Satellite-Messaging Service, and it's expected to boost the stock's appeal. The corporation's regular participation in high-profile conferences, such as the
BofA Securities Media, Communications & Entertainment Conference, and the Citi 2024 Global TMT Conference, strengthens its visibility and investor appeal. Several institutional investors, including
Bailard Inc. and HB Wealth Management LLC, have adjusted their shares recently. Verizon's
dividend performance is strong, popular among top dividend stocks under $50. With
Q2 earnings exceeding estimates, despite revenue short, the company finished 2023 with notable cash flow and wireless customer growth. In the 5-year investment horizon, shareholders have experienced a 5% loss. However, analysts point to its
strong returns, potential, especially in the context of expected equipment revenues surge tied to the iPhone upgrade cycle.
Verizon Communications VZ News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Fri, 30 Aug 2024 18:06:08 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
