VZ - Verizon Communications Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
-1.01 (-1.74%)
At close: 4:00PM EDT

57.32 +0.33 (0.57%)
After hours: 4:26PM EDT

Stock chart is not supported by your current browser
Previous Close58.00
Bid57.15 x 1000
Ask57.16 x 1100
Day's Range56.92 - 58.22
52 Week Range49.01 - 61.58
Avg. Volume13,561,826
Market Cap235.694B
Beta (3Y Monthly)0.47
PE Ratio (TTM)14.72
EPS (TTM)3.87
Earnings DateAug 1, 2019
Forward Dividend & Yield2.41 (4.16%)
Ex-Dividend Date2019-07-09
1y Target Est59.71
Trade prices are not sourced from all markets
  • Verizon gets FCC approval for a 60 day network lockdown on new phones
    TechCrunch3 hours ago

    Verizon gets FCC approval for a 60 day network lockdown on new phones

    Verizon (disclosure: the company that owns the company that owns TC)celebrated an FCC victory this week, as the agency approved a request for atemporary network lockdown on new phones

  • Is Verizon Stock A Buy? Tepid EPS, Sales Growth Vies With 5G Wireless
    Investor's Business Dailyyesterday

    Is Verizon Stock A Buy? Tepid EPS, Sales Growth Vies With 5G Wireless

    Verizon stock usually is a dividend play, as are the shares of its rival AT&T.; But Verizon 5G lies ahead. Here's what various analyses say about Verizon as 5G wireless comes into play.

  • Company News For Jun 25, 2019

    Company News For Jun 25, 2019

    Companies In The News Are: CZR,ERI,BMY,CELG,KO,VZ

  • Verizon Communications (VZ) Gains As Market Dips: What You Should Know
    Zacks2 days ago

    Verizon Communications (VZ) Gains As Market Dips: What You Should Know

    Verizon Communications (VZ) closed the most recent trading day at $58.26, moving +0.84% from the previous trading session.

  • Malibu Boats, Bed Bath, Disney, Verizon and Home Depot highlighted as Zacks Bull and Bear of the Day
    Zacks2 days ago

    Malibu Boats, Bed Bath, Disney, Verizon and Home Depot highlighted as Zacks Bull and Bear of the Day

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  • Yahoo Finance is now available on Fire TV, Android TV and Apple TV
    Yahoo Finance2 days ago

    Yahoo Finance is now available on Fire TV, Android TV and Apple TV

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  • City's 5G deal with Verizon delivers less than advertised, communications union says
    American City Business Journals2 days ago

    City's 5G deal with Verizon delivers less than advertised, communications union says

    The public-private partnership touted two years ago as a way to bring Sacramento to the forefront of a new digital frontier is being called an example for other cities of what not to do, by the Communications Workers of America.

  • BlackBerry (BB) Gears Up for Q1 Earnings: What Lies Ahead?
    Zacks2 days ago

    BlackBerry (BB) Gears Up for Q1 Earnings: What Lies Ahead?

    Increased market traction for reliable products and services will likely help BlackBerry (BB) to record higher revenues in first quarter fiscal 2020.

  • 3 Consumer-Goods Dividends You Shouldn't Overlook
    Motley Fool2 days ago

    3 Consumer-Goods Dividends You Shouldn't Overlook

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  • Crown Castle (CCI) Expands Credit Facility, Extends Maturity
    Zacks2 days ago

    Crown Castle (CCI) Expands Credit Facility, Extends Maturity

    Crown Castle's (CCI) expanded credit facility and extended maturity date provides the company with balance-sheet strength and supports its growth endeavors.

  • Cybersecurity Risks Are Threatening Deals, Industry Survey Shows
    Bloomberg2 days ago

    Cybersecurity Risks Are Threatening Deals, Industry Survey Shows

    (Bloomberg) -- Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done.Of more than 2,700 information technology and business decision makers surveyed by Forescout Technologies Inc. in seven countries, 53% reported that their organization had encountered a critical cybersecurity issue or incident that put an M&A deal in jeopardy. And 65% of respondents said they had experienced buyers’ remorse because of cybersecurity concerns after closing a deal.The findings, released Monday, show that taking the time to conduct cybersecurity evaluations is important before and during an acquisition, even if it means finalizing the deal gets delayed, said Julie Cullivan, chief technology and people officer at Forescout. The company sells a security platform that allows companies to monitor and control access to their networks.“Cybersecurity is a challenge for every organization, and risk factors are changing all the time,” Cullivan said. “It’s about making sure you put as much energy into it up front.”Recent acquisitions highlight the threat that cyber risks can pose to a company’s reputation and bottom line.Verizon Communications Inc. acquired Yahoo’s Internet properties in 2017 at a $350 million discount after security breaches surfaced at the web company. And Marriott International Inc. inherited a massive security risk when it bought Starwood, including a breach that was disclosed just days after the deal was announced.Yahoo and Starwood aren’t isolated incidents. Earlier this month, Asco Industries, which Spirit AeroSystems Holdings Inc. agreed to buy in May 2018, was hit by a large-scale ransomware attack. The attacked cause a “serious” disruption of Asco’s activities and its sites in Belgium, Canada, Germany and the U.S. were stopped.Spirit AeroSystems won EU approval for the deal in March, but the acquisition has yet to be completed.Thorough cybersecurity assessments that include utilizing third-party audits can often help avoid these types of issues, said Joe Cardamone, senior information security analyst and North America privacy officer for Haworth Inc., a designer and manufacturer of office furnishing products in Holland, Michigan.“It’s not an intangible risk. It’s a very tangible thing and true money that can be lost,” said Cardamone, who has been involved in Haworth’s acquisition of at least six companies. “Treat it like you are buying a used car. I’d still want to look underneath the hood.”Haworth, which is a Forescout customer, revamped its acquisition policy about five years ago to include information security.\--With assistance from Joshua Fineman.To contact the reporter on this story: Derek Hall in Chicago at dhall129@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Jeran WittensteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 Stock Picks to Consider When the Fed Cuts Rates
    Zacks5 days ago

    3 Stock Picks to Consider When the Fed Cuts Rates

    Investors are almost unanimously convinced that there will be a federal funds interest rate cut in July.

  • InvestorPlace5 days ago

    3 Monthly Dividend Stocks to Buy Today

    Retirement: It's all about one thing and that's income … replacing a steady paycheck with your savings. With that, dividend stocks have plenty of appeal for retirees. Not only can you score higher yields than bonds, but you have the ability to grow those payouts over time as well. However, dividend stocks do have one major drawback.Their payment schedules.Most dividend stocks pay on a quarterly or even semi-annual basis. And while that may not seem like a problem, for many retirees used to a monthly or bi-weekly paycheck balancing cash flows can be a hard pill to swallow. After all, your mortgage, cable bill and car payments are due each month. To that end, getting a monthly dividend could be the answer to budgeting issues.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top S&P 500 Stocks of 2019 (So Far) Luckily, there are plenty of dividend stocks that do happen to payout monthly. Here are three of the best. Main Street Capital Corp (MAIN)Dividend Yield: 5.89%Most investors have never heard of businesses development companies (BDCs). That's a shame because they can be some of the biggest yielding stocks around. BDCs are set up as pass-through entities much like real estate investment trusts, and similarly must pay out at least 90% of their earnings as dividends. How they earn that income is by loaning cash to mid-sized firms -- companies too big to ask the local bank for a loan, but not big enough to launch a significant bond offering -- at competitive rates. The best way to really think of them is like public-private equity firms.And when it comes to BDCs, Main Street Capital (NASDAQ:MAIN) could be one of the best.MAIN has provided capital to more than 200 private companies and thanks to its underwriting and deal standards, it has been very successful at turning a big profit on those loans. Just for the first quarter of this year, MAIN has already seen its investment income rise by 10% year-over-year. Those sorts of gains have allowed the firm to become a great dividend stock since its IPO in 2007. The BDC has managed to grow its payout by 127% since then.Today, you can score a great recurring monthly dividend with a current yield of 5.89%. The best part is that MAIN's management likes to reward shareholders further with extra supplemental dividends. This allows the BDC to use excess capital if a great deal can be had or for dividends. Adding those extra payouts in, and investors are looking at closer to 7.2% yield.BDCs like MAIN provide a much-needed service to many firms. And thanks to its underwriting skill and focus on quality firms, MAIN has quickly become one heck of a dividend stock. Shaw Communications (SJR)Dividend Yield: 4.5%One sector that can be a fertile hunting ground for dividend stocks, and is also known for its stability, is the telecommunications industry. Top stocks like AT&T (NYSE:T) and Verizon (NYSE:VZ) are in plenty of income portfolios. The reason is easy to see. Predictable fixed costs and demand allow telcos to pay out reliably healthy dividends. The problem is T and VZ aren't monthly dividend stocks.But Canada's Shaw Communications (NYSE:SJR) is.Shaw remains one of Canada's largest telecoms and offers the usual bundle of services, including cable, internet and wireless phone services. It has been doing this for decades just like T and VZ here at home. And SJR has also tackled the problem of cord cutting head on. The telecom has been able to successfully convert customers to faster internet service to overcome lower cable subscriptions. This has helped boost revenues. At the same time, SJR has been one of the first movers in Canada for new 5G networks. That will give it a heads-up in bringing faster mobile internet, IoT and other applications to the nation. * 10 Monthly Dividend Stocks to Buy to Pay the Bills As Shaw moves forward in these areas, investors can sit back and collect a hefty monthly yield. Currently, SJR pays 4.5%. Now, that dividend will fluctuate based on changes to the U.S./Canadian dollar. However, given Shaw's stability and potential growth, it's a small price to pay for a great dividend stock. LTC Properties (LTC)Dividend Yield: 4.89%Honing in on so-called mega-trends is a great way to find dividend stocks that will stand the test of time. For monthly-dividend payer LTC Properties (NYSE:LTC) that mega-trend is the "Graying of America."Thanks to advances in medicine, lifespans are only increasing and longevity is almost assured at this point. LTC is uniquely positioned to take advantage of this fact. The firm invests in the senior housing and assisted living facility sectors of the healthcare property market. Currently, the firm owns/invests in roughly 200 properties that are right in the sweet spot for the nation's aging baby boomers. Demand for these facilities continues to grow as more seniors need aid to get along.The key is that LTC doesn't operate the facilities or even own the buildings in many cases. What it does is provide financing for owner/operators to construct and renovate their properties or it buys properties from owners in a sale-leaseback transaction. It's basically a mortgage lender that collects a monthly rent check. This position in the sector allows it to avoid some of the profitability issues that can result in senior living and assisted living facilities.It also allows for some safety and steady profits on its end. Year-over-year, LTC saw a gain in FFO for the first quarter of 2019. Steady FFO gains have allowed it to raise its dividend over 46% since 2008. Currently, LTC yields 4.89%.All in all, LTC is in the right area at the right time. And that makes it a great monthly dividend stock to own.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 3 Monthly Dividend Stocks to Buy Today appeared first on InvestorPlace.

  • 7 Telecom Stocks to Set on Speed Dial
    InvestorPlace5 days ago

    7 Telecom Stocks to Set on Speed Dial

    Telecom stocks have had a decent year. They are lagging the broader S&P 500, but it has been a low-teens six-month run. Even if it did nothing from here, that would be a good finish -- 13% annually over the long term, not including the dividends that some of these firms provide, would be great for your portfolio.And one other thing about this sector: It is less volatile than some of the other sectors since most of the companies have total or significant exposure to the U.S. market. "Buying Amercian" has its benefits when you're in a trade war with the second-largest economy in the world. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 The seven telecom stocks below are getting the most attention now according to my Portfolio Grader. And it's also very likely that they won't be sitting still for the second half of this year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Telecom Stocks to Buy: PDVWireless (ATEX)Source: Pabak Sarkar via FlickrPDVWireless Inc (NASDAQ:ATEX) just got a new ticker symbol and a new name -- more or less -- this past Monday. The company is now going to be referred to as Anterix.This name change goes along with its new focus on the 900 mghz spectrum it bought from Sprint (NYSE:S) in 2014. It is awaiting a ruling from the SEC that would give it the ability to use the spectrum for LTE communications.Anterix specializes in secure communications for enterprise companies, governments and utilities. The point is to have a network that operates outside of the conventional telecom networks that can provide state of the art bandwidth and its own high level security.It's a great niche. And if the FCC gives it the green light, this stock will take off over the next couple quarters. It would also be an attractive takeover play. Verizon (VZ)Source: Shutterstock Verizon Communications (NYSE:VZ) is usually at the center of most telecom conversations in the U.S. It is one of the original Ma Bell spinoffs (Bell Atlantic) and continues to be a dominant force.Its challenges are opposite to the smaller companies featured here. While those are trying to exploit their core competencies to expand their businesses, VZ is more focused on not losing business, especially in the wireless space.With a market cap of around $240 billion, this is one of the most widely held telecom stocks out there. And its 4.2% dividend yield also makes it a very attractive long-term holding. * 6 Stocks to Sell in the Back Half of 2019 Right now, 5G is the thing, and the big firms will be spending tons of money to develop this technology. Without Huawei equipment, this makes the challenge more difficult, but still important. If anyone can pull it off, it will be VZ stock. Otelco (OTEL)Source: Shutterstock Otelco (NASDAQ:OTEL) is one of a handful of companies that still run independent phone companies around the country. Based in Alabama, it also operates companies in Maine, Massachusetts, West Virginia, Missouri and Vermont.It has been doing business for more than 130 years, so it has figured out its markets and defined its role to thrive all that time. There are many places in the U.S. that just don't have the scale for larger telecoms to come in and compete.OTEL offers all the modern telecom products that you can find in larger markets, just on a smaller scale. Just as larger telecoms are transitioning to a mobile-focused market from a landline world, the same transition is happening on a smaller level as well.With over 31,000 customers across its service areas, OTEL is a solid player and has paid down its debt, which will help its margins and any financing for potential upgrades. It's also an attractive takeover target. IDT (IDT)Source: Shutterstock IDT Corp (NYSE:IDT) is in an interesting niche that developed as the Internet Age developed. It provides wholesale global voice traffic over its VOIP (voice over internet protocol) network and it also offers the unbanked and under-banked immigrant population a way to send money back to their home countries through its BOSS Revolution service. It also offers prepay telecom services (aka, phone cards).At this point it's the leading prepay service with a customer base that represents about 70% of the U.S. immigrant population. That also means it still has the remaining 30% to acquire, as well as the new customers who arrive annually.IDT boasts that it gets a new customer every 8 seconds. * 6 Stocks Ready to Bounce on a Trade Deal It's still a relatively small company, but its dual-purpose reach into a specific demographic makes it a very interesting play in the months and years to come. Spok Holdings (SPOK)Spok Holdings (NASDAQ:SPOK) is a niche player in another megatrend growth sector. It also has been around since 1965, so it has built a reputation in a relatively conservative industry where reputation, reliability and consistency matter.SPOK develops, runs and manages communications platforms for healthcare services providers like hospitals. It boasts that the top 20 adult hospitals and top 10 children's hospitals in the country (as rated by U.S. News & World Report) all use Spok communications platforms.It has the nation's largest pager network, with more than 100 million messages sent each month. And remember, these are regularly life or death messages, so the systems have to up and running all the time, with near perfect precision.At this point Spok has over 2,200 hospitals and healthcare systems on its platforms. And the nice thing about its operations is it also has maintenance contracts on its existing systems, which help stabilize its revenue stream. Q1 numbers were strong. Iridium Communications (IRDM)Source: Shutterstock Iridium Communications (NASDAQ:IRDM) is a great example of the best and worst of companies that were born (and died) during the dotcom boom in the late 1990s.Basically, Iridium is 141-satellite global communications network that was launched in 1998 by telecom pioneer Motorola (RIP). The concept was to build a global telecom network that could be accessed anywhere in the world -- from the middle of the South Pacific to the top of Everest -- at any time.The vision was grand but the technology wasn't up to the vision. In the initial versions, the phones (now known as sat phones) couldn't be used well indoors, which diminished their value to regular consumers.They also soon learned that the phones wouldn't function until all the satellites were in place, which meant an enormous upfront spend on a now-smaller, specialized market. The original company went under in 6 months.But now that tech has grown to meet the vision, IRDM is doing well and more and more specialized sectors are interested in the technology, especially the U.S. military. * 7 Value Stocks to Buy for the Second Half There is plenty to like here now and it's a great long-term growth play on the future of telecom, especially the Internet of Things. Shenandoah Communications (SHEN)Source: Shutterstock Shenandoah Telecommunications (NASDAQ:SHEN) has been around since 1902, serving rural Virginia, West Virginia, Pennsylvania and Maryland. Its wireless services are operated by Sprint, has over 1 million customers.The thing to watch with a long-time telecom like Shentel is the fact that many of its rural operations are now seeing a lot of growth from companies that are relocating outside of larger metropolitan areas.Because land is cheaper and the population is less dense, "last mile" logistics operations and new companies are taking advantage. That's bring customers into Shentel's market.And that may well be part of the reason that Shentel's operating income was up 48% in Q1, with a record number of new digital subscribers. It will also be interesting to see what happens if the Sprint-Tmobile (NASDAQ:TMUS) merger happens.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 7 Telecom Stocks to Set on Speed Dial appeared first on InvestorPlace.

  • 3 Big Stock Charts for Friday: Verizon, General Electric and Ventas
    InvestorPlace5 days ago

    3 Big Stock Charts for Friday: Verizon, General Electric and Ventas

    Following through on the gains made earlier this week, the S&P 500 rallied another 0.95% on Thursday, just touching record-highs as a result. Although impressive, the rally is also fragile and may actually be setting up a sizeable wave of profit-taking.Source: Allan Ajifo via Wikimedia (Modified)Whatever it was, pot stocks set the tone. Canopy Growth (NYSE:CGC) was up more than 2% on news that shareholders had approved its impending acquisition of Acreage, while Tilray (NASDAQ:TLRY) popped more than 9% on some renewed industry-wide sentiment.PG&E (NYSE:PCG) was the day's biggest major-name winner though, up nearly 15% after California Governor Gavin Newsom suggested the state's government help facilitate a way for the utility company to pay for the fire damage it contributed to last year. The organization continues to find itself in a more manageable position.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks Ready to Bounce on a Trade Deal None are names that are great trading prospects as we head into the final day of the workweek, however. Instead, take a look at the stock charts of Verizon Communications (NYSE:VZ), General Electric (NYSE:GE) and Ventas (NYSE:VTR) for trading possibilities. Ventas (VTR)It was only a few days ago Ventas was knocking on the door of a big breakout move. The only line left to cross was a modestly important technical ceiling right around $65. And, given the momentum already in place by that time, which was backed by a long-term support line, the odds of that move taking shape were high.That breakout move did end up taking shape. But, consider this a cancellation of that call, and even a reversal of it. VTR stock is up 10% since that last look, and had been up as much as 13%. But, yesterday's high and a couple of other clues all suggest the effort has run its course and is now out of gas. Click to Enlarge * While trends need volume to remain in place, volume surges like the one Ventas dished out on Thursday often indicate a final flushout of would-be buyers. The way VTR peeled back from the intraday high also says the profit-takers are already starting to take over. * Zooming out to the weekly chart we see two immediate red flags. One of them is the way yesterday's peak aligns with all the major highs going back to 2013. The other is the fact that the RSI indicator has just entered overbought territory. General Electric (GE)For months now, General Electric have been working on a recovery move, but it always seems to be up-ended right before it solidifies. Those months have been spent in vain, however. The bulls and bears have inadvertently drawn key lines in the sand that, if crossed, would likely flag a longer-lived move rather than more choppiness.The buyers finally -- albeit quietly -- pushed GE stock over what had become a well-established ceiling. Better yet, it happened with solid support behind the move, and has brought another bullish trigger within reach. * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Click to Enlarge * The ceiling that was hurdled on Thursday is the $10.49 level, marked in yellow on both stock charts. GE shares had been unable to move above that line despite three attempts since March. The fourth one yesterday worked. * Just as impressive is the buying volume that's taken shape with the recent advance. Tuesday's and Thursday's gains were both made on above average volume, hinting there may be a lot of would-be buyers waiting in the wings for a victory like yesterday's. * It's not happened yet, but the purple 50-day moving average line is about to cross above the white 200-day moving average line. This so-called golden cross is viewed as a buying trigger for many investors, and could accelerate the effort. Verizon Communications (VZ)Finally, with nothing more than a passing glance it would look as if Verizon Communications shares are just going through a patch of volatility that can be expected as part of a longer-term uptrend. And, perhaps that's all this is.A lengthier and more critical look, however, also shows that distinct possibility that VZ shares are slowly winding their way into a bit of technical trouble. Although it will still take a few days to know for sure, and any problems wouldn't be terribly devastating, the threat is significant enough to start watching out for now. Click to Enlarge * The looming red flag is the potential death cross, where the purple 50-day moving average falls below the white 200-day moving average line, spurring algorithm-based selling as well as spooking casual chart watchers. * At the same time, note there has already been a string of lower highs since November's peak, and the weekly chart's MACD lines continue to sink. The momentum is already downward. * For better or worse, should Verizon shares stumble, the daily chart shows a likely support area around $52.50, while the weekly chart's big floor is the rising support line that has tagged all the major lows going back to mid-2017.As of this writing, James Brumley did not hold a 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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 3 Big Stock Charts for Friday: Verizon, General Electric and Ventas appeared first on InvestorPlace.

  • SYNNEX (SNX) to Report Q2 Earnings: What's in the Cards?
    Zacks6 days ago

    SYNNEX (SNX) to Report Q2 Earnings: What's in the Cards?

    SYNNEX's (SNX) second-quarter fiscal 2019 results might get a boost from its portfolio growth as well as an uptick in the end markets.

  • Micron (MU) to Post Q3 Earnings: Disappointment in Store?
    Zacks6 days ago

    Micron (MU) to Post Q3 Earnings: Disappointment in Store?

    Micron's (MU) third-quarter fiscal 2019 earnings are likely to be hit by sluggish memory demand and higher inventories amid US-China trade tussle.

  • Telecom Stock Roundup: AT&T Wins Spectrum Licenses, Nokia's Deal & More
    Zacks6 days ago

    Telecom Stock Roundup: AT&T Wins Spectrum Licenses, Nokia's Deal & More

    While AT&T (T) secures spectrum licenses that cover about 98% of the U.S. population, Nokia (NOK) aims to improve the operational efficiency of Cleco with state-of-the-art packet-based architecture.

  • Layoffs Will Hurt AT&T’s Image More Than They Will AT&T Stock
    InvestorPlace6 days ago

    Layoffs Will Hurt AT&T’s Image More Than They Will AT&T Stock

    News that AT&T (NYSE:T) would cut 1,880 telecom jobs sent T stock higher but it also brought some degree of negative publicity to the company. The layoffs might also call into question the state of AT&T as the company redefines itself. Still, despite these concerns, T stock investors will more than likely keep their focus on the future of AT&T rather than its headcount.Source: Shutterstock AT&T stock investors have suffered for years as the company faced tremendous financial pressures. Competition squeezed revenues in wireless services as well as cable and satellite TV. At the same time, the company had to spend tens of billions of dollars to build a 5G network. On top of that, it has to pay down a massive debt load that rose as high as $168.5 billion in the third quarter of last year.Further, T stock has maintained a 34-year streak of annual dividend increases. Ending the payout hikes would likely devastate AT&T stock. Hence, despite a 6.3% dividend yield, the company must also continue to increase this payout on top of its other financial obligations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today Amid these challenges, employees likely feel a sense of betrayal. Back in 2017, the company promised 7,000 new jobs if tax reform became law. Donald Trump signed his tax plan into law in 2017. However, the Communications Workers of America (CWA) says the tax savings likely went into stock buybacks and other things that do not benefit workers. Although AT&T continues to higher, the headcount has shrunk over the last few years. Traders Focus on ATT ExpensesUnfortunately for the CWA rank-and-file, Wall Street traders continue to focus on expenses, as was evident as the AT&T stock price rose slightly on Tuesday following the news. Given its debt and dividend obligations, traders probably see any cut in expenditures as a positive. Many believe this has long affected the T stock. The forward price-to-earnings multiple now stands at less than 9x. Many blame the company's expenses for this low multiple. Focus Will Return to 5G, WarnerMediaDespite the layoff news, over the long-term, T stock will trade based on the performance of 5G and how its content performs. Of the two, the outlook for 5G appears brighter. Once T-Mobile (NASDAQ:TMUS) acquires Sprint (NYSE:S), Verizon (NYSE:VZ), T-Mobile, and AT&T will be the only companies providing the wireless service poised to connect the future. With so few players in the space, intense price wars will likely not occur since all three carriers face huge expenses from building these networks. * Stocks to Buy for $20 or Less Admittedly, AT&T's foray into content brings greater risks. The company combined its HBO, Warner Brothers, and Turner content into WarnerMedia. With that, AT&T will compete directly with the likes of Disney (NYSE:DIS) and Netflix (NASDAQ:NFLX). At between $16 and $17 per month, AT&T WarnerMedia streaming service should compare well from a cost perspective. However, that will probably mean less revenue than the cable and satellite services once brought. Moreover, failure would likely attract investors to Verizon stock as Verizon has staked most of its future on 5G.Whether AT&T succeeds or fails with WarnerMedia could also determine how often the company faces issues with layoffs. However, it will probably have less-dramatic effects on T stock. Bottom Line on T stockAlthough the announced layoffs could bring negative sentiment and publicity to AT&T, they will likely have little long-lasting effect on T stock. Perhaps traders saw this move as path to cutting company expenses. However, AT&T remains heavily in debt and faces mounting costs.Still, as more customers sign up for its 5G service and the newly formed WarnerMedia, AT&T should find itself in a better position to grow revenues and profits. Over the long-term, these factors will be what probably drives T stock. Perhaps they will also motivate AT&T to add jobs again.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Layoffs Will Hurt AT&T's Image More Than They Will AT&T Stock appeared first on InvestorPlace.

  • What’s in Store for Sprint Stock?
    InvestorPlace7 days ago

    What’s in Store for Sprint Stock?

    On Friday, Sprint (NYSE:S) and T-Mobile U.S. (NASDAQ:TMUS) stocks jumped higher on reports that the Department of Justice would give the green light to their merger. Sprint stock rallied toward $7. TMUS stock initially ripped higher too, although it's cooled off already. Both stocks moved higher on Tuesday on news that Dish Network (NASDAQ:DISH) could be involved in the asset sale that's needed to get the deal done.Source: Shutterstock Many investors are wondering what Sprint stock price and T-Mobile stock will do going forward. * 7 Value Stocks to Buy for the Second Half The argument for a Sprint/T-Mobile tie-up is that the new entity will be better able to compete with Verizon (NYSE:VZ) and AT&T (NYSE:T). For ages, VZ and T have had a tight grip over the wireless sector. Because of their dominance, it's easy to see why a stronger third player in the telecom space would benefit consumers. That said, one can see why going from four competitors to three is worrisome to regulators.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the Justice Department wants to be more certain that the deal will benefit consumers. For that reason, Sprint is looking to offload its Boost Mobile prepaid business. There were rumors that Amazon (NASDAQ:AMZN) may be interested in Boost, which temporarily sank the stocks of wireless carriers like AT&T and Verizon. However, Boost now looks to be going to Dish rather than Amazon. Now that we're on the cusp of a Sprint-T-Mobile deal, what's likely to happen to the companies going forward? Sprint and T-MobileWhile it's hard to imagine a tie-up between S and TMUS hurting consumers, that doesn't mean it's been easy for them to get the deal approved. For instance, ten state attorneys general have opposed the deal, filing a lawsuit against it. That lawsuit should be headed to pretrial soon, where the plaintiffs will look to convince a judge to grant a temporary restraining order. If they succeed, the deal will be pushed back by another several months. Good grief.However, that lawsuit could be scrapped if the Department of Justice gives the deal the green light, according to recent reports. To get that approval, S and T-Mobile will need to shed several assets that will allow a fourth competitor to emerge in the wireless carrier space. The duo has since approached Dish, Charter (NASDAQ:CHTR) and Altice USA (NYSE:ATUS) about buying their Boost Mobile business.Current reports now suggest Dish is close to paying $6 billion for the assets that Sprint and TMUS need to unload to get their merger approved. Those assets are expected to include Boost Mobile, as well as spectrum.At the time the deal was announced -- now more than a year ago -- it was valued at $26.5 billion. The all-stock transaction is based on pricing from April 2018, with 0.10256 shares of T-Mobile being swapped for each share of Sprint, or 9.75 shares of Sprint for each share of T-Mobile. At the time, it valued Sprint stock at $6.62 per share.T-Mobile will be the name of the combined company if the deal is complete. T-Mobile parent company Deutsche Telekom will hold a 42% stake in the combined entity, while Sprint parent company SoftBank (OTCMKTS:SFTBY) will hold a 27% stake. Trading Sprint Stock Click to EnlargeBased on each investor receiving .10256 shares of TMUS for every 9.75 shares of S stock they own, Sprint stock would currently be valued at around $7.70 per share, provided the deal goes through.On the surface, that level is the point to which S stock can rise. That level is also above short-term range resistance near $7.20. Worth noting is that Sprint stock price is now over this level too, near $7.40, after the Dish news. On the downside, $6.60 has buoyed Sprint stock. However, make no mistake about this setup now: It is very much a binary event. Either the deal gets done or it doesn't. If it does, S stock can instantly rise. If it doesn't, Sprint stock will get hammered.While investors can make a case for owning TMUS stock without a deal, Sprint really needs this acquisition to go through. Both companies want this deal to get done, but one of them really needs it, and that's Sprint.So while investors can map out upside and downside levels, they won't matter. All that matters now is whether the deal gains approval. If it does, then the next consideration is T-Mobile's share price. That will determine Sprint's share price, since it's an all-stock deal.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T, AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post What's in Store for Sprint Stock? appeared first on InvestorPlace.

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