|Bid||55.00 x 100|
|Ask||65.37 x 200|
|Day's Range||63.34 - 63.81|
|52 Week Range||40.50 - 68.88|
|PE Ratio (TTM)||32.56|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Verizon's stock price dropped more than 2% last week and the telecom giant has retained its long-standing position as the worst performing DJIA stock.
There are more cellphones in America than people. That market saturation has led to brutal price competition, which in turn is transforming consumers’ costs, industry profits and antitrust law.
Pacific Crest Securities We expect to see the competitive intensity in prepaid wireless services increase in the second half as a result of Sprint’s relaunch of Virgin Mobile. If Sprint (S) is able to successfully market the Virgin brand, we could see AT&T (T) and T-Mobile US (TMUS) prepaid net additions decelerate in the second half, and accelerate for Sprint, which we do not believe is baked into consensus. Sprint announced the relaunch of Virgin Mobile, Sprint’s prepaid wireless service that will complement its prepaid offering from Boost.