Verizon Communications (VZ) has been drawing the attention of investors. Its shares were recently downgraded by
StockNews.com from a buy to a hold. Investment firms such as
British Columbia Investment Management Corp,
Captrust Financial Advisors, and others, have sold large portions of their stake in Verizon. Meanwhile, entities such as
Suvretta Capital Management,
Algert Global, and others have increased their positions. The company's stock was recently in the limelight for its
Quarter 3 earnings, beating estimates. Impressively, the company increased its dividend for the
18th consecutive year. There seems to be a split decision on Wall Street regarding Verizon's stock, with an ongoing debate on whether the firm's investment in
wireless broadband and its Frontier deal would pay-off. Despite certain negative impressions, many high-level investors and institutions are taking note of Verizon. The company announced a new 5-year agreement with the
U.S Department of Agriculture, which may boost its overall market position.
Verizon Communications VZ News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:45:57 GMT -
Rating 2
- Innovation -4
- Information 6
- Rumor -7