|Bid||60.08 x 2900|
|Ask||60.35 x 800|
|Day's Range||59.53 - 60.19|
|52 Week Range||46.09 - 61.58|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||15.98|
|Earnings Date||Apr 23, 2019|
|Forward Dividend & Yield||2.41 (4.03%)|
|1y Target Est||59.50|
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 13.5% in the fourth quarter. Seven out of 11 industry groups in the S&P 500 Index were down more than 20% from their 52-week […]
Verizon Communications (VZ) closed at $60.08 in the latest trading session, marking a +0.54% move from the prior day.
ASHBURN, Va., March 25, 2019 -- Verizon has received the Authority to Operate (ATO) under the General Service Administration’s (GSA) Enterprise Infrastructure Solutions (EIS).
How’s Verizon Financially Positioned in March?(Continued from Prior Part)Analysts’ recommendations According to data compiled by Reuters, as of March 20, 18 of the 30 analysts covering Verizon (VZ) stock recommended a “hold,” while 12
How’s Verizon Financially Positioned in March?(Continued from Prior Part)Verizon’s scaleAt the end of the trading session on March 21, Verizon (VZ) was the largest US mobile operator by market capitalization at $238.3 billion, followed by
How’s Verizon Financially Positioned in March?(Continued from Prior Part)Shareholder returns and stock trendsOn March 20, Verizon’s (VZ) closing price was $57.67 per share. Based on the closing price, Verizon has a market capitalization of
Plunging bond yields spooked the stock market Friday, but top stocks included Darden Restaurants and Dow Jones stock Verizon.
How’s Verizon Financially Positioned in March?(Continued from Prior Part)Verizon’s revenue trendIn fiscal 2018, Verizon Communications’ (VZ) total operating revenues rose ~3.8% YoY (year-over-year) to $130.9 billion from $126 billion in
How’s Verizon Financially Positioned in March?Verizon’s earnings trendIn fiscal 2018, Verizon Communications’ (VZ) adjusted net income and diluted EPS were $19.5 billion and $4.71, respectively—compared to $15.3 billion and $3.74 in fiscal
As the telecom industry awaits further clarity on policy issues and its aftereffects with no official statement release, there is an element of uncertainty in the domestic market.
The Zacks Analyst Blog Highlights: Verizon, Goldman Sachs, Kinder Morgan, Citigroup and Stanley Black
The Latest Updates from the Telecom Sector(Continued from Prior Part)Only portions of T-Mobile’s 5G network launch to be delayed Although T-Mobile (TMUS) is underway with 5G network buildout, the operator’s progress on this front is being slowed
The Democratic-led U.S. House of Representatives will vote in April on a bill to reinstate landmark net neutrality rules repealed by the Federal Communications Commission under U.S. President Donald Trump. House Majority Leader Steny Hoyer said in a letter to colleagues on Thursday seen by Reuters that lawmakers will vote on the bill dubbed the "Save the Internet Act" during the week of April 8. The reversal of net neutrality rules was a win for internet providers like Comcast Corp, AT&T Inc and Verizon Communications Inc, but opposed by content and social media companies like Facebook Inc, Amazon.com Inc and Alphabet Inc.
T-Mobile will begin trialing a home internet service that will cost $50 per month and deliver broadband to homes using T-Mobile's 4G LTE network. AT&T, Verizon and T-Mobile will eventually provide internet using 5G networks. T-Mobile is also using this as a way to show it needs to acquire Sprint to fight against big cable.
The Latest Updates from the Telecom Sector(Continued from Prior Part)AT&T launching HBO-led subscription video service The way AT&T (T) has overhauled media group WarnerMedia shows a company out to put more pressure on Netflix (NFLX) as it
Over the past few months, the telecommunications industry has enjoyed a lift in attention, and for good reason. With Verizon (NYSE:VZ) leading the 5G high-speed network rollout, the new technology has strong implications for everyone. That includes relative bit-player Sprint (NYSE:S). As T-Mobile US (NASDAQ:TMUS) makes its case for buying out S stock, how should investors react?Source: Shutterstock On the surface, the merger appears to make economic and logical sense, if only because T-Mobile CEO John Legere is constantly fighting on the campaign trail. With his quirky mannerism and even quirkier fashion-sense, Legere cuts a controversial figure. Nevertheless, you can't fault the guy for his ambitiousness.Legere has faced a circus of attention from legislators and committees. Some of the questioning, in my opinion, borders on the ridiculous. For example, Democratic Representative Hank Johnson criticized T-Mobile executives for spending $195,000 at one of President Trump's hotels. The implication was that Legere was subtly attempting to curry favor in his quest for Sprint stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPersonally, I view that inference as a stretch. Consistently, the media has focused the spotlight on Trump's possible collusion with Russia. The last thing anyone needs in this environment is more attention. * 10 Stocks on the Rise Heading Into the Second Quarter That said, Legere has redirected the media's glare to a positive direction. Throughout telecom's version of the Spanish Inquisition, Legere emphasized the benefits of a T-Mobile-Sprint merger. Primarily, a combined entity would upend the duopoly of Verizon and AT&T (NYSE:T). The TMUS head rightfully points out that three strong competitors are better than two contenders and two afterthoughts.If all opposing politicians have are silly or irrelevant questions, then T-Mobile has a clear shot at acquiring Sprint stock. Unfortunately, nothing is ever that easy. Tough Questions Plague S Stock and the Proposed MergerFrom combing through various articles on the web, the consensus appears that Legere has a compelling argument. Therefore, the legal greenlight for the merger is an inevitability. But I can't help looking at the S stock price.Although shares are up over 9% this year, the journey has been a choppy one. Based on current levels, the S stock price hasn't moved at all since late summer of 2016. And the fact that it lost steam in recent trades does nothing to bolster confidence in a possible merger.On the other hand, both Verizon and AT&T are doing what they usually do: trudging along while paying their shareholders generous dividends.But I'm getting more concerned when I consider the arguments against T-Mobile's buyout of Sprint stock. While Legere emphasizes the broader argument that the merger will benefit society, that logic doesn't hold up well. For instance, a combined entity would almost surely lead to job losses, particularly the high-paying kind.The counterargument is that this reinvigorated telecom firm will make inroads to rural communities, boosting both connectivity and job growth. If anything, Fox Business has bought into this narrative as well, I suspect, as rural residents.However, the idea that this merger will close the digital divide isn't entirely convincing. For one thing, the buyout will take many years to complete. During that time, rural residents must settle for less-than-stellar internet speeds. In addition, unless the T-Mobile-Sprint entity encounters competition, it has no incentive to reduce prices.On top of that, consolidation in telecom risks depressing prices in major markets, and therefore, wages. Ironically, opposing Democrats have adopted the stereotypical Republican playbook by supporting the status quo in the telecom industry. Complicated Nature Hurts Sprint StockI don't necessarily like giving my thoughts about high-level mergers. With so many gears involved, it's difficult to predict the deal's trajectory with any confidence. * 7 5G Stocks to Buy as the Race for Spectrum Tightens But with S stock, you're also talking about telecom. This is one of the most important, if not the most important sector. As we head toward true 5G integration, telecoms will touch virtually every area of our lives. From automated technologies to artificial intelligence to healthcare, this industry will lever unprecedented influence.As such, lawmakers and regulatory agencies will go over the proposed deal with a fine comb. And when they're satisfied with the results, they'll do it again. Just when you think you're through the door, an appeals process could undo everything.I believe that's the reason why Sprint stock has looked so unconvincing lately. In my opinion, this is far from a done deal. If you're speculating purely on the merger, you may want to take a breather or two.As of this writing, Josh Enomoto was long AT&T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Sprint Stock Isn't Worth a Gamble for the T-Mobile Merger appeared first on InvestorPlace.
The Latest Updates from the Telecom Sector(Continued from Prior Part)AT&T reorganizes WarnerMedia unit AT&T (T) recently reorganized its WarnerMedia division in a move that seems to be aimed at cutting costs and allowing for more investments