AllAnalyst Report
logoMorningstarOctober 21, 2020

Verizon Communications Inc.: Verizon Bounces Back in the Third Quarter; Share Fairly Valued

Symbols
VZ
Sector(s)
Communication Services
Rating
Premium
Current Price
$61.55
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE