VZ - Verizon Communications Inc.

NYSE - NYSE Delayed Price. Currency in USD
56.59
-0.62 (-1.08%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close57.21
Open57.38
Bid56.52 x 2900
Ask56.92 x 800
Day's Range56.57 - 57.46
52 Week Range50.05 - 61.58
Volume9,379,023
Avg. Volume13,297,758
Market Cap234.04B
Beta (3Y Monthly)0.51
PE Ratio (TTM)14.62
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.41 (4.21%)
Ex-Dividend Date2019-07-09
1y Target EstN/A
Trade prices are not sourced from all markets
  • Verizon Launches 5G Network in St. Paul
    Bloomberg2 days ago

    Verizon Launches 5G Network in St. Paul

    Jul.18 -- Verizon Business Group CEO Tami Erwin discusses the launch of a 5G ultra wideband network in St. Paul. She speaks on "Bloomberg Daybreak: Americas."

  • Yahoo! U: how do foreign exchange rates work?
    Yahoo Finance Video8 days ago

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  • Verizon Launches Inseego 5G MiFi, Service Reaches St. Paul
    Zacks22 hours ago

    Verizon Launches Inseego 5G MiFi, Service Reaches St. Paul

    Verizon (VZ) maintains its market-leading position with the launch of Inseego 5G hotspot, which is its fifth 5G-enabled device. The company also adds 5G Ultra Wideband mobility service in Saint Paul.

  • Will Healthy Top-Line Growth Buoy AT&T (T) Q2 Earnings?
    Zacks23 hours ago

    Will Healthy Top-Line Growth Buoy AT&T (T) Q2 Earnings?

    Increased 5G deployment, thrust on digital and media business along with focus on edge computing capabilities are likely to enable AT&T (T) to generate higher second-quarter 2019 revenues.

  • Bloombergyesterday

    Small Broadband Companies Claim FCC Win Over AT&T and Verizon

    (Bloomberg) -- The largest U.S. telephone companies last year asked regulators to kill limits on the rates smaller carriers can be charged for connecting to the giants’ networks.Now the small carriers are claiming they have successfully defended the regulations as the Federal Communications Commission nears conclusion of a proceeding it has acted on in parts.“We see it as a huge victory,” said Chip Pickering, chief executive officer of the trade group Incompas. Its member companies that offer broadband service and need to connect through lines controlled by companies such as AT&T Inc. and Verizon Communications Inc.The regulations are designed to ensure small companies have access to lines that carry traffic for businesses, schools and homes -- and can use those connections to expand broadband competition by building new fiber links.USTelecom, a trade group with members including AT&T and Verizon, filed the petition with the FCC to eliminate rules in May 2018 and is claiming a partial victory.“We’re thrilled about the steps taken by the FCC to grant important parts” of the petition, Jonathan Spalter, chief executive officer of USTelecom, said in an interview.Eliminating the rules clears the way for more investment in modern networks, according to the trade group.1996 RulesIn its petition, USTelecom said more companies are offering service, undermining the need for the rules put in place in 1996, as the U.S. opened communications markets to more competition.For instance, companies subject to the rules served 186 million wholesale and retail land lines in 2000 compared with 35 million in 2018, according to the petition, which added that some 60% of U.S. households have turned to wireless service.“The mandates at issue here -- principally involving access to old copper network facilities and protections related to an extinct ‘long distance voice market’ -- are not necessary to protect competition or consumers,” USTelecom said in its petition.The agency eliminated some reporting requirements in April, and earlier this month lifted pricing regulations for lines that carry bulk business traffic in most of the country -- decisions that together represented “substantial and meaningful” progress, according to a blog post by Spalter.In June, USTelecom withdrew its request to remove rules around fiber lines that can carry signals from town to town, usually in less populated areas. And in July it withdrew its request to kill rules about local lines that can carry broadband.Copper LinesThe FCC must act on the remainder of USTelecom’s petition by Aug. 2, and Chairman Ajit Pai has recommended the agency remove rate mandates on old copper lines that provide voice service, according to a background document provided by the FCC.The FCC, while not commenting on the outcome, said in a statement that the issues that remain to be decided “were intended to open monopoly local phone companies to competition in voice services” and are no longer necessary.Incompas, representing the small service providers, says it scored victories with the withdrawals by USTelecom of portions of the petition in June and July. The trade group led a campaign that included letters from more than 9,000 customers to the FCC, where Pai has emphasized creating more broadband connections.“When it comes to fiber, they’re removing barriers,” said Pickering, the Incompas leader. “We won the case by being consistent with the commission’s priorities.”Spalter, the USTelecom chief, said his group would continue to make the case for lifting old rules. “As surely as the sun sets in the west, there will be time and space for the FCC to modernize the outdated rules, to make them reflect the competition that exists,” Spalter said.To contact the reporter on this story: Todd Shields in Washington at tshields3@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake
    Motley Fool2 days ago

    Wall Street Has Given Up on These 3 Stocks, and That's a Huge Mistake

    Don't overlook what Verizon, NIO, and AT&T have to offer.

  • AT&T Partners Microsoft on 5G, Cloud & AI to Advance Tech
    Zacks2 days ago

    AT&T Partners Microsoft on 5G, Cloud & AI to Advance Tech

    AT&T's (T) 5G capabilities and Microsoft's Azure cloud facilitate exceptional solutions for mutual customers, and are likely to shape the future of media and communications.

  • 5G Stocks To Invest In Span Chipmakers Marvell And Xilinx, Apple, Verizon
    Investor's Business Daily2 days ago

    5G Stocks To Invest In Span Chipmakers Marvell And Xilinx, Apple, Verizon

    It's early days in the 5G wireless networks build-out. What 5G stocks will get a boost? The top 5G stocks in which to invest include chipmakers, network gear and fiber-optics makers.

  • 3 Big Stock Charts for Thursday: Eastman Chemical, Verizon and General Motors
    InvestorPlace2 days ago

    3 Big Stock Charts for Thursday: Eastman Chemical, Verizon and General Motors

    After stalling on Monday and struggling on Tuesday, the bears finally got their pound of flesh. On Wednesday, the S&P 500 fell 0.65%, closing near its low for the day after a few too many investors rethought their positions after a fairly tough start to earnings season.Source: Shutterstock Railroad company CSX (NASDAQ:CSX) hit the wall the hardest, slumping more than 10% after falling short of last quarter's earnings expectations then underscoring that miss with a disappointing outlook. Telecom technology name Ericsson (NASDAQ:ERIC) was a miserable performer too, however, down 11% after missing its quarterly earnings estimates and painting a grim picture of its business in Asia.At the other end of the spectrum, Shopify (NYSE:SHOP) rallied more than 2% as investors jockeyed to get into the one name that could prove disruptive to the e-commerce landscape.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Cryptocurrencies to Keep on Your Radar But none of those names are as compelling as the stock charts of Eastman Chemical Company (NYSE:EMN), General Motors (NYSE:GM) and Verizon Communications (NYSE:VZ) headed into Thursday's action. Here's what makes these three names so special. Eastman Chemical Company (EMN)Given the action Eastman Chemical Company shares have dished out over the past couple of weeks, it would be easy to say EMN just blew its chance at clearing its 200-day moving average line plotted in white on both stocks charts. The June rally was stopped cold there, and Tuesday's short-lived trek above the 200-day line was also halted when the late-June high near $80 was re-met.There's more bullishness packed into this chart than readily meets the eye, however. Another good nudge or two could do the trick. Click to Enlarge * Although the June effort to clear the 200-day moving average line failed, notice the subsequent pullback was halted and reversed cleanly at the purple 50-day moving average line. * Yesterday, the gray 100-day moving average line also became a support level. * While the 200-day line is a critical hurdle here, the $80 area has been defined as the make-or-break area for meaningful upside. Verizon Communications (VZ)With nothing more than a passing glance at Verizon Communications, it looks like the stock is simply range-bound, bouncing to and from near-term peaks and troughs. And, that may be all that's taking shape here.But, as was noted on June 21, VZ stock is increasingly putting pressure on its 200-day moving average line as a technical floor. Although it's still intact, the stock is quietly inching closer to a break under that support, which could easily open the doors to lower lows in a hurry. * 7 Stocks Top Investors Are Buying Now Click to Enlarge * Just since April, the testing of the 200-day line, plotted in white on both stock charts, has heated up to where it's being touched on a regular basis. * Although it has not happened yet, we're even closer to a so-called death cross now than we were a month ago. That's where the purple 50-day average crossed under the 200-day line. * Even a break under the 200-day line is no guarantee of a complete meltdown, however. There's a support line at $55.34, where the red, dashed line that connects the key lows since early last year lies. General Motors (GM)Like all other players in the automobile industry, General Motors has struggled since "peak auto" came and went in 2015. Although it fared better than the rest and it was able to drive GM stock sharply higher in 2017, it wasn't meant to last. The pullback has been particularly bumpy.There has been a method to the madness behind all the volatility, however. The highs and lows going back to 2015 have formed a wedge pattern that's squeezing General Motors shares into a point. The stock may not get all the way to the convergence of that triangle shape, however, if they can just get over the ceiling they're testing right now. Click to Enlarge * There are actually two upper boundaries of the wedge. The bigger-picture one is plotted as a white dashed line, while the gray dashed line has only taken shape since early 2018. * We've seen it before to no avail, but the white 200-day moving average line is sloped upward again, suggesting the longer-term trend is net-bullish. * Although pressing the upper boundary of the wedge right now, General Motors stock might be better served by sliding a little lower, regrouping and then trying one more time.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 3 Big Stock Charts for Thursday: Eastman Chemical, Verizon and General Motors appeared first on InvestorPlace.

  • Top Ranked Income Stocks to Buy for July 18th
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  • Verizon resurrects media business as safe haven on the internet
    Reuters2 days ago

    Verizon resurrects media business as safe haven on the internet

    Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. After Verizon Communications Inc , which owns media brands like Yahoo, AOL and social media site Tumblr, declared its media properties nearly worthless last year with a $4.6 billion write-down, the division of the U.S. telecoms giant is resurrecting the businesses as an antidote to the cesspool of the internet. "I want to build something that you'll 100% trust," Verizon Media Chief Executive Guru Gowrappan said in an interview last month.

  • AT&T (T) Collaborates With IBM to Optimize Core Operations
    Zacks3 days ago

    AT&T (T) Collaborates With IBM to Optimize Core Operations

    Per the multi-year strategic alliance, AT&T (T) will leverage IBM's domain expertise to augment the internal software applications of AT&T Business division for seamless migration to IBM Cloud.

  • Netflix earnings — What to know in markets Wednesday
    Yahoo Finance4 days ago

    Netflix earnings — What to know in markets Wednesday

    Netflix will deliver its second-quarter financial results after the market close Wednesday.

  • Verizon, Ericsson to Bring Cloud Native Tech in Live Network
    Zacks4 days ago

    Verizon, Ericsson to Bring Cloud Native Tech in Live Network

    Verizon (VZ) and Ericsson (ERIC) exhibit how cloud native Evolved Packet Core technology can be crucial in increasing efficiency and utilization of the cloud infrastructure.

  • T-Mobile Unveils NB-IoT Asset Tracking Solution With Roambee
    Zacks4 days ago

    T-Mobile Unveils NB-IoT Asset Tracking Solution With Roambee

    T-Mobile (TMUS) and Roambee aim to provide a comprehensive asset tracking solution that works exclusively on Narrowband Internet of Things network.

  • Will Top-Line Growth Buoy Badger Meter's (BMI) Q2 Earnings?
    Zacks4 days ago

    Will Top-Line Growth Buoy Badger Meter's (BMI) Q2 Earnings?

    Growing demand for E-Series meters, ORION Cellular endpoints and BEACON Advanced Metering Analytics managed solution is likely to translate into higher second-quarter 2019 revenues for Badger Meter (BMI).

  • 4 Internet of Things Stocks That Will Connect Investors to Profit
    InvestorPlace4 days ago

    4 Internet of Things Stocks That Will Connect Investors to Profit

    [Editor's note: "4 Internet of Things Stocks That Will Connect Investors to Profit" was previously published in January 2019. It has since been updated to include the most relevant information available.]As the reach of wireless expands, the Internet of Things -- or IoT -- promises to become one of the more robust niches in tech over the next few years. As such, Internet of Things stocks should prosper along with the industry.Semiconductor firms play an essential role in the growth of the IoT industry. However, due in large part to factors not related to IoT, many of the best semiconductor stocks have seen their values drop dramatically in recent months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip While this may put off some investors, many Internet of Things stocks now trade at valuations so low that they could become the best stocks in tech once a recovery begins. With low valuations, a potential for growth, and their critical roles in IoT, these four stocks appear well positioned to benefit investors: AT&T (T)AT&T (NYSE:T) stands in a uniquely strong position in the 5G market. Assuming T-Mobile (NASDAQ:TMUS) succeeds in acquiring Sprint (NYSE:S), Verizon (NYSE:VZ), AT&T, and T-Mobile will form a "Big Three" of wireless. Given the tens of billions in cost it takes to build a 5G network, the market will likely not see new entrants. Hence, most IoT devices will eventually run on services provided by one of these firms.I chose AT&T primarily because it maintains the lowest forward P/E ratio -- 9.3 -- and has the largest dividend yield -- currently 6% -- among the three.To a degree, T stock has become cheap for a reason. Unlike its other major peers, it has taken on tens of billions in debt to acquire a sizable media content library. Investor skepticism about this move likely explains the lower P/E ratio.Admittedly, I do not know if this strategy will succeed. What I do know is that AT&T can sell the content library if that business line fails. Also, with the oligopoly forming in the nascent 5G industry, chances of failure in that niche are near zero. Hence, I feel okay with collecting a 6% dividend while waiting for this approach to play out. Once AT&T finds their path to success, the P/E ratio should catch up to that of its peers. Due primarily to its 5G network, AT&T should eventually become one of the more successful Internet of Things stocks. NXP Semiconductor (NXPI)NXP Semiconductor (NASDAQ:NXPI) takes its place among Internet of Things stocks on many levels. The firm's work in chips for automotive, consumer, and industrial applications means IoT plays a critical role in the company's products. Through IoT, it connects devices ranging from cars to health monitors to drones.As a result, NXPI stock appears more immune to the chip glut that has hurt profit growth for many semiconductor companies. However, despite this immunity, the market has punished NXPI stock. It fell for most of 2018, losing over 35% of its value since hitting its all-time high in February. Granted, the failed takeover attempt by Qualcomm hurt the stock as well. However, with a forward P/E of 10.8, Wall Street values it as if it were being hit by the chip glut. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Analyst forecasts indicate otherwise. For 2019, on average, they predict 10% profit growth. They think NXPI will see double-digit profit increases in 2020 as well. Moreover, as 5G networks launch in earnest in 2020, and self-driving cars take to the roads, IoT should take off exponentially. This should propel NXPI stock to more gains. With a market cap of $28.3 billion, its story has only just begun. Once the market notices the continued profit growth of NXPI, I doubt the P/E will remain so low for long. Qualcomm (QCOM)In recent years, Qualcomm (NASDAQ:QCOM) seems better known for its failed attempt to take over NXP or its court battles with Apple (NASDAQ:AAPL). However, Qualcomm has led the way in connectivity for decades. That has helped to make QCOM one of the leading Internet of Things stocks.Even without 5G, Qualcomm has already shipped over 1 billion IoT devices. The firm offers turnkey IoT solutions. Also, its latest 5G-compatible Snapdragon processor will further strengthen its IoT presence.IoT could also lead a recovery in long-suffering QCOM stock. QCOM has lost one-third of its value since reaching a multi-year high in 2014.Years of pain have taken its forward P/E to about 14.75. But analysts forecast a return of profit growth next year, as they expect its profit to increase by 35%. Forecasts also indicate double-digit earnings increase will continue after 2020.Investors should also take QCOM seriously as a dividend stock. It has hiked its payout for eight straight years. The company will pay $2.48 per share this year, amounting to a yield of nearly 3.3%. Even if the stock languishes, stockholders earn a decent return while they wait for a recovery. Hence, with a low valuation and a recovery in profits forecast, QCOM could become one of the more lucrative IoT stocks. Skyworks Solutions (SWKS)At first glance, Skyworks Solutions (NASDAQ:SWKS) may not stand out from other Internet of Things stocks. Like most IoT players, SWKS specializes in chips designed for RF and mobile communications. Its IoT chips appear in smartphones, wearables, appliances, medical devices, and many other areas. SWKS also provides IoT in the world's industrial and wireless infrastructure.Despite decades of trading history, IoT has put SWKS stock on the map. It traded in the single-digits for years after the dot-com bubble burst. However, it had risen as much as 28-fold from its 2009 low before pulling back in 2018.Like most of its peers, SWKS suffered as a chip shortage quickly became an oversupply situation. SWKS stock has fallen 20% from its 52-week high. Like other Internet of Things stocks, the decline appears overdone. Thanks to the dropoff, SWKS stock trades at just 12 times the consensus forward earnings estimate. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Profits also appear positioned to recover once the industry works off the glut in available chips. For next year, Wall Street analysts, on average, forecast profit growth of 6.8%. They also believe those increases will reach the double-digits in future years. The move to 5G should ensure this growth continues. With few companies offering such a value proposition at so low of a P/E ratio, SWKS should see increased interest from investors in the near future.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Internet of Things Stocks That Will Connect Investors to Profit appeared first on InvestorPlace.

  • What Makes Verizon (VZ) a New Buy Stock
    Zacks4 days ago

    What Makes Verizon (VZ) a New Buy Stock

    Verizon (VZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

  • Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know
    Zacks5 days ago

    Verizon Communications (VZ) Outpaces Stock Market Gains: What You Should Know

    Verizon Communications (VZ) closed the most recent trading day at $57.59, moving +0.7% from the previous trading session.

  • U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint
    Bloomberg7 days ago

    U.S. Antitrust Boss Playing Kingmaker in T-Mobile’s Deal for Sprint

    (Bloomberg) -- Makan Delrahim, the U.S. Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc. and Sprint Corp. that he can pitch as a win for consumers. Here’s how he may do it.If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp. enough airwaves, prepaid customers and network access to emerge as a new national wireless competitor.That would allow T-Mobile and financially struggling Sprint to merge and create a stronger No. 3 rival to AT&T Inc. and Verizon Communications Inc. Dish’s role would satisfy the government’s longstanding demand that there be four national mobile-service companies remaining.“The right deal could be a genuine win for consumers, and if Delrahim structures it right, the facts and history will stand by him,” said Jonathan Chaplin, an analyst with New Street Research LLC.The Justice Department is nearing a final decision. While the broad outline of an accord has been established, key issues are still being debated -- including possible limits on Dish’s ambitions as a wireless carrier. The company owns billions of dollars in unused airwaves that could be tapped to create an even more formidable competitor if it’s free to obtain sufficient outside investment to build its own network, according to people familiar with the matter.Under that broad outline, Sprint’s airwaves would land in more financially stable hands. The No. 4 U.S. carrier has the most mobile-phone spectrum in the U.S. but has limited ability to build a network given its years of losses and financial constraints. Combining with No. 3 T-Mobile would solve those problems.Opponents LurkEven if Delrahim gives his blessing, he’ll still have to convince opponents that consumers won’t see higher prices and fewer choices. One point he’ll likely to highlight is that the deal provides a path to putting Dish’s trove of airwaves to work. The department declined to comment.Skeptics point out that the track record for competitors created by divestitures has been dismal. French communications firm Iliad SA became Italy’s fourth carrier last year after buying assets divested by two larger rivals that merged. Iliad had an initial surge in subscriber growth, followed by a slowdown across the sector.“The premise that this deal will be good for everyone may be a little overly optimistic,” said Phil Berenbroick of Public Knowledge, a consumer advocacy group in Washington. “It’s obvious how harmful they think the deal is if they have to create a remedy as extravagant as this.”New KidThe shift to wireless will be a challenge for Dish, which is better known as the second-largest U.S. satellite TV provider. Dish has no experience selling phones or operating a mobile service. As part of the deal taking shape, the company would take over fewer than 9 million prepaid customers from Sprint to get its wireless business started. But that’s a tiny runway to competing against incumbent carriers with 10 times more subscribers.The future looks better for T-Mobile. With Sprint’s spectrum, it will have nearly twice the wireless capacity of any other carrier. The company’s cost per gigabyte, a measure of how expensive it is to deliver service, will be cut in half, Chaplin said.“If that isn’t a recipe for lower prices and share gains, I don’t know what is,” he said.Judgment DayThe merger has already won a nod from the chairman of the Federal Communications Commission, provided the combined company divests its Boost prepaid business, freezes prices and deploys a 5G network that would cover 99% of the U.S. population within six years.If the Justice Department approves, T-Mobile and Sprint would gain an important ally as they fight a lawsuit challenging the merger brought in June by 13 states and the District of Columbia. The states argue the tie-up will harm competition and lead to higher prices.Chaplin said investors may provide a crucial clue when the Justice Department announces its now-expected approval.“Watch what happens to the stock price of AT&T and Verizon on the day the deal is announced,” he said. “That will be the best litmus test of whether the deal is good for consumers, or not. If their stock prices fall, it is probably a good deal for consumers.”\--With assistance from Todd Shields.To contact the reporters on this story: Scott Moritz in New York at smoritz6@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays
    InvestorPlace8 days ago

    Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays

    When it comes to finding great dividends, the telecoms can't be beat. Thanks to their stable demand and fixed operating costs, the major telecommunication providers have long been able to provide their investors with a steady income and high yields. That's certainly been true for giants AT&T (NYSE:T) and Verizon (NYSE:VZ) over the last decade or so. And, as a result, both VZ and T stock have become staples of many retirees' portfolios.Source: Shutterstock However, growth at both AT&T and Verizon has slowed in recent years. Wireless saturation is near 100% and upstarts like T-Mobile (NASDAQ:TMUS) have driven down prices for wireless and data plans. That hit T & VZ right in their wallets. To compensate for that, each telecom took a similar, yet different path to finding future growth.The question now is: which of the two major telecom stocks -- AT&T or Verizon -- makes more sense for your portfolio today?InvestorPlace - Stock Market News, Stock Advice & Trading Tips VZ & T Stock Make Some Big MovesThese days, investors can't think of Verizon or AT&T as strictly old-fashioned telecoms. It's no secret that landline usage has fallen off the map. Meanwhile, new wireless subscriber growth has basically flatlined. At this point, everyone has a smartphone and perhaps a secondary device hooked up to wireless networks. Moreover, thanks to fungibility among carriers and price wars, consumers are able to switch with ease. Because of this, the major U.S. telecoms like T and VZ have had to look elsewhere for growth. * 10 Stocks to Sell for an Economic Slowdown For AT&T, that meant becoming a media powerhouse. Cable television provider Comcast (NASDAQ:CMCSA) set the trend when it purchased NBCUniversal. T followed a similar playbook by adding exposure to cable with its buyout of DirecTV. These gave the ability to offer triple-play services as well as wireless service to its consumers. Like CMCSA, AT&T then added content origination with its mega-sized buyout of Time Warner. This acquisition gave T ownership of HBO, Turner Broadcasting as well as Warner Bros. entire movie catalog. The idea was that AT&T could now bundle original content with its own private network of mobile/wireless video and satellite services.Verizon is playing in the same sandbox, albeit it's building a different castle. VZ decided to go hard into web properties. This included buying AOL and Yahoo. The idea was that the firm could become a major player in digital advertising and the mobile web. The firm also beefed its other tech operations with Telogis and Fleetmatics Group. These cloud operations allowed businesses to take advantage of fleet operations software that can be used on VZ's wide and high-speed wireless networks. Not What VZ Stock & T Stock Bargained ForAs you can see, the shift in both AT&T and Verizon was designed to offer tangential services using their huge networks. T was setting itself to be an all-in-one media and content provider. It would make the movies and then distribute them over its satellite and mobile video operations. And there would be some exclusivity in that. AT&T recently unveiled its plans for its own streaming service to accomplish this goal. VZ went hard into the lucrative world of digital advertising, data mining and cloud services.Unfortunately, neither operation has proved too fruitful for either T or VZ.The combination of AOL and Yahoo is basically worthless for Verizon. At the end of last year, the firm wrote down the goodwill of the deals by just under half -- or a whopping a $4.6 billion. And the hits kept coming. Verizon Media showed a big 7.2% decline in year-over-year revenues. The company specifically blamed lower ad revenues for the dip.Things haven't been great for AT&T either. It turns out providing cable services is just as sticky as providing wireless ones. People continue to cut the cord at a fevered pace and adopt streaming instead. That's hurt DirecTV in a big way. The firm has lost nearly 1.3 million video subscribers over the last two quarters. It's streaming service -- DirecTV Now -- has lost nearly 20% of its total net subscribers in the last 6 months. This is a huge issue if your entire M.O. was getting people to watch your produced, movies and T.V. shows on your exclusive networks. The firm continues to bleed traditional cable subscribers -- via its U-Verse business -- as well.So, neither transition is working out the way AT&T and Verizon planned. To make matters worse, both stocks are now heavily indebted because of the buyouts, mergers and plans to change their business model. At the end of March, T had more than $169 billion in debt on its balance sheet. Verizon is doing a tad better at $113 billion. That's a major problem for both stocks if these efforts don't pan out. Should You Buy T Stock or VZ Stock?Given the struggles at both AT&T and Verizon, neither one makes a compelling purchase right now. Those debt loads are pretty scary considering the assets used to make them aren't performing as planned. Honestly, I'd be worried about their dividends -- the reason why people buy them in the first place -- if things don't improve.But if I had to make the decision today, I'd most likely go with Verizon. The firm has at least acknowledged that its move in advertising was a poor choice and has removed the Band-Aid on these operations. The write-downs, layoffs and cost-cutting efforts will make it much easier for the firm to bounce back. And these brands -- like Tech Crunch and the Huff Po -- are valuable to someone, if it decides to sell them. Meanwhile, it's gone gung-ho on its 5G network services. * 7 Stocks to Buy for Monster Growth in the Second Half of 2019 On the flip side, AT&T has decided to double-down on its problems -- launching four different streaming services in a bid to regain customers.In the end, both major telecoms have plenty of warts and may not be big buys at all. But if investors were looking at them both, VZ stock gets the slight nod over T stock.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. The post Stock Showdown: AT&T Stock and Verizon Are Both Risky Plays appeared first on InvestorPlace.

  • Benzinga9 days ago

    Verizon CEO Talks 5G, China, Trade And More In CNBC Interview

    Verizon Communications Inc. (NYSE: VZ ) CEO Hans Vestberg spoke with CNBC's Julia Boorstin from the sidelines of the Allen & Co. Conference in a conversation touching on issues affecting the telecom space. ...

  • Exclusive: Verizon sought buyers for Yahoo Finance - sources
    Reuters9 days ago

    Exclusive: Verizon sought buyers for Yahoo Finance - sources

    While the U.S. wireless carrier never launched an official sales process, it quietly solicited interest in Yahoo Finance even as it was revamping its media division, previously named Oath and recently renamed Verizon Media. Yahoo has emerged as the centerpiece of Verizon Media's plans to rescue the once-dominant collection of internet assets which has been in decline since the late 2000s. "We do not comment on rumors and speculation," Verizon Media said in a statement on Thursday.