In recent updates, Verizon Communications has seen a notable increase in dividend to $0.6775, contributing to its appeal for investors. Vodafone executive Yago Tenorio will soon join the Verizon team as the new CTO. The company's earnings report is expected on October 22, 2024 and despite recent market slip, VZ has shown resilience. However, it couldn't avoid overall underperformance on certain days. A recent $3.3 billion tower deal with Vertical Bridge pushed the stocks towards a two-year high, demonstrating expansion and market position strengthening. Institutional ownership retains dominance over Verizon shares, around 64%. Despite occasional dips compared to the broader market, investors have seen a respectable 43% return over the past year. A decrease in a stock position by Senator Investment Group was reported. An outage impacting over 100,000 users was also recently managed. Verizon has shown trend appeal, even despite some market slips. Amidst advance talks to sell more than 6000 phone towers to Vertical Bridge, the company's Q2 earnings surpassed estimates, although some loss was incurred for those who invested five years ago. Verizon plans to purchase Frontier Communications and recently also received an analyst upgrade.
Verizon Communications VZ News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 05 Oct 2024 14:58:51 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor 2
