|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.78 - 48.44|
|52 Week Range||42.80 - 54.83|
|PE Ratio (TTM)||16.17|
|Dividend & Yield||2.31 (4.80%)|
|1y Target Est||N/A|
Verizon Communications said it would start limiting video quality for all customers across its network, months after the No. 1 U.S. carrier by subscribers launched unlimited data plans.
Take Verizon’s latest unlimited offering. Verizon, which finally launched an unlimited data plan in February, will start making consumers choose between two unlimited tiers on Wednesday. Verizon reserves the right to slow data speeds for these users in times of congestion.
Shares of Verizon Communications (VZ) are up 24 cents, or half a percent, at $48.39, after the company this morning announced new “unlimited” data plans, an extension of its offering made in February, claiming the new pricing and features, such as hi-def video streaming to mobile devices, is “an even better value” than the prior plans. Are they extending Verizon’s competitive each against T-Mobile US (TMUS), and Sprint (S), or are they merely a way to milk customers for more money? Jennifer Fritzsche of Wells Fargo, who rates Verizon stock Market Perform, thinks this is “not a huge surprise” given it was hinted at with the first announcement in February.