|Bid||56.03 x 2200|
|Ask||56.04 x 3000|
|Day's Range||56.00 - 56.90|
|52 Week Range||46.09 - 61.58|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||14.48|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||2.41 (4.08%)|
|1y Target Est||59.58|
Amy Yong, Macquarie Bank Associate Director and Equity Research Analyst, says the big story in Comcast's earnings is the boost it received from its acquisition of Sky as “linear TV continues to struggle.” Yahoo Finance’s Brian Sozzi speaks to her.
Why Verizon’s Q1 Earnings Triggered a Sell-Off(Continued from Prior Part)Verizon’s first-quarter revenues Verizon Communications (VZ) reported first-quarter consolidated revenues of $32.13 billion—well below analysts’ consensus estimate of
Why Verizon’s Q1 Earnings Triggered a Sell-OffVerizon’s first-quarter results Verizon Communications (VZ) reported its first-quarter earnings results on April 23. The company reported an adjusted EPS of $1.20, which was ~2.6% higher than the
Verizon Wireless chose Cincinnati as one of 20 cities to roll out its next-generation 5G network this year.
The Latest on 5G Equipment Vendors Nokia and Ericsson(Continued from Prior Part)Why Goldman Sachs downgraded Nokia Analysts at Goldman Sachs recently downgraded their rating on Nokia (NOK) stock to a “sell” from a “neutral,” according to a
The telecom's sales are growing, it's investing in 5G, and it has the potential to expand its wireless business.
Verizon will sell the Samsung Galaxy S10 5G beginning May 16. The phone will cost $1,300 and is the first to support Verizon's 5G network without requiring an accessory. Verizon also announced that it will activate 20 new 5G markets this year.
AT&T (T) and Verizon (VZ) miss first-quarter 2019 revenue estimates as the industry appears to be still grappling with the aftereffects of the trade war and higher investments for technology and infrastructure upgrade for 5G deployments.
With T-Mobile wooing the Trump administration in the hopes of getting final regulatory permissions to acquire Sprint, the American wireless industry may go from having four big players to only three national carriers. Despite T-Mobile CEO John Legere’s promises of bountiful benefits from the merger, including rolling out a nationwide 5G network (in a way that is sensitive to American national security concerns), it would likely bring about higher-priced, lower-quality mobile service, tens of thousands of lost jobs, and lower wages to employees who would have fewer places to take their skills. The latest reports indicate that, notwithstanding T-Mobile’s lobbying offensive, federal regulators have serious concerns about the merger.
Verizon’s Mixed Q1 Earnings Results: Must-Know Highlights(Continued from Prior Part)Customer additions of Verizon in Q1 In Q1 2019, Verizon (VZ) added net 1.17 million retail customers, driven by 1.13 million retail postpaid customer additions.
Verizon said customers pre-ordering the device can get up to $650 off on the Samsung Galaxy S10 5G if they switch to its network and trade in their older phones. The Samsung 5G phone, exclusive to Verizon for a limited time, will be available in the telecom operator's stores from May 16 with a starting price of $1,299. Users in Chicago and Minneapolis can currently use Verizon's 5G network by using a Motorola Z3 mobile and a 5G "Moto Mod", a physical magnet-like attachment for the phone.
Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by strong additions of high-speed internet customers in a quarter that painted another mixed picture for the biggest U.S. cable provider. Overall revenue missed analyst estimates and Comcast lost more video and phone customers than expected. Revenue from NBCUniversal's cable networks, filmed entertainment and theme parks also fell short of expectations.
Preorder the Galaxy S10 5G, exclusively on Verizon for a limited time, starting today and get up to $650 offVerizon names 20 additional 5G cities on the heels of turning on 5G.
It's often a sign to buy when big pension fund managers up their stake in a stock. In the first quarter, Dutch-based PGGM upped its investment in Verizon Communications (NYSE:VZ) by 46% to $218.3 million, prompting me to wonder if now's the time to buy VZ stock.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a simple yes-and-no answer to this question. VZ Stock is a BuyPGGM is the second-largest pension fund manager in the Netherlands, managing assets worth EUR 211 billion ($236 billion) for different pension funds. If you look at PGGM's history when it comes to VZ stock, you'll see that it's gone hot and cold over the past couple of years.It held 3.93 million shares of Verizon stock at the end of September 2017. By the end of that year, PGGM pared that position by 64% to 1.4 million shares. It then held steady over the next three quarters until adding 1.3 million shares in the fourth quarter of 2018 and another 1.0 million shares in the first quarter of 2019. * 10 High-Yielding Dividend Stocks That Won't Wilt As far as its $20-billion portfolio of U.S. stocks, Verizon is the 23rd-largest position out of 254 stocks, an indication of how confident the fund managers are about VZ stock.Of course, I don't expect you to buy its stock solely because a multi-billion-dollar fund owns it. There also have to be compelling reasons why its business will grow over the next three to five years. And there is. An Essential ComponentInvestorPlace contributor Will Healy recently sung the company's praises focusing on the 5G opportunity that lies in front of Verizon. "As 5G becomes an essential component of the economy, Verizon's strategy to bet primarily on wireless could make VZ stock less risky than its more content-dependent peer, AT&T (NYSE:T)," Healy wrote April 3. However, it wasn't what Healy said about 5G that caught my attention, but rather Verizon's decision to put much less emphasis on its media business than its competitor. As InvestorPlace contributor Todd Shriber highlighted recently, Verizon has $110 billion in debt or about 47% of its market cap compared to AT&T which has approximately $170 billion in debt or 76% of its market cap. I've got a list of reasons why I wouldn't invest in AT&T, but its debt situation is definitely at the top. I generally don't like to invest in companies whose debt is 50% or more of its market cap. I also like the fact that Verizon is more of a 5G pure play than AT&T. Together, these two reasons make VZ stock the more logical and conservative investment. Verizon Isn't a BuyThe "all-in" 5G strategy is a bold one, but it does have a downside. Verizon has said it will spend between $17 billion to $18 billion on its business in 2019 including the expansion of its 5G network. That's on top of $16.7 billion it spent in 2018. That's a lot of money for a technology that most consumers likely won't need. However, because it's grabbed first-mover advantage on the 5G front, it can't afford to step off the gas, or it will lose the marketing edge it has on its peers. Meanwhile, companies such as AT&T can take their time rolling out 5G to find the most profitable pathway to national coverage. MoffattNathanson founder Craig Moffett recently suggested that 5G won't be available everywhere in the U.S. for at least two years, likely longer, due to the fact there isn't enough wireless spectrum to support it.Source: Statista"There is a zero chance that 5G is a ubiquitous technology by 2021," Moffett said in an April CNBC interview. "The standards of 5G were set for insanely wide blocks of spectrum. You can't find insanely wide blocks of spectrum anywhere but these stratospheric high frequencies." * 10 Stocks to Sell Before They Give Back 2019 Gains Which means Verizon could be spending a lot of money for a much smaller return on investment than initially anticipated. In the near term, 5G is not a guarantee of enormous profits, and that's something Verizon shareholders should understand if they're going to hold for the long run. The Verdict on Verizon StockIf you're looking to buy Verizon stock solely because of its 4.1% dividend yield, you might want to look at the AT&T dividend instead, with its 6.51% payout. However, if you want to own a stock that's not debt-laden and has a good long-term plan for 5G, VZ stock is a much better buy than T in my opinion.VZ stock is up 1.5% in 2019. T stock up less than 1%. The iShares U.S. Telecommunications ETF (BATS:IYZ), with Verizon and AT&T among its top four holdings, is up 15.8%.The fact that one of Europe's biggest pension fund managers has dramatically increased its Verizon holdings cements that view.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post A Big European Pension Fund Manager Just Bought Verizon Stock: Should You? appeared first on InvestorPlace.
Amazon.com, Inc. (NASDAQ: AMZN) will close fulfillment centers in four states to retrofit them for other purposes, a move that will displace thousands of employees, and could lead to their departure from Amazon, the company confirmed on April 23 in response to a report earlier that day that appeared on Yahoo. According to the news report, the facilities to be closed are called "Amazon Robotics Quick Deploy," which handle small items and use Kiva orange robots that move shelves of goods to human pickers. The centers, located in California, Illinois, New Jersey and Texas, will be re-designed for use as sorting centers, Amazon Fresh delivery hubs and print-on-demand book sites, according to the report.
Verizon’s Mixed Q1 Earnings Results: Must-Know Highlights(Continued from Prior Part)Analysts’ recommendation Of the 30 analysts covering Verizon (VZ), 12 analysts have rated the stock a “buy” while 18 analysts gave the stock a “hold”
Verizon’s Mixed Q1 Earnings Results: Must-Know Highlights(Continued from Prior Part)Verizon’s cost savings plan Verizon (VZ) has been undertaking measures to boost its savings by cutting its costs. Its cost-saving initiative has already
Verizon’s Mixed Q1 Earnings Results: Must-Know HighlightsVerizon down on Q1 resultsVerizon Communications stock (VZ) closed down 2.09% on Tuesday after the leading US mobile carrier reported mixed results for the first quarter of 2019 before the
AT&T is upgrading its wireless network after buying Time Warner. AT&T earnings are stalling and shares are far off highs. Is AT&T stock a buy right now?
AT&T Met Q1 Earnings Estimate, Missed Revenues(Continued from Prior Part)AT&T’s dividend yieldAT&T (T) has been consistently paying and increasing dividends for the past few quarters. In the first quarter, AT&T declared a