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Verizon Shares Fall Despite Climb in Wireless Revenue. Is It Time to Buy the Stock on the Dip?
The Motley Fool· 2024-07-25 11:30
Is the company's dividend safe?Shares of Verizon Communications (VZ 2.01%) were falling after the wireless company reported mixed second-quarter earnings results. Its stock remains up more than 20% over the past year, but it is now up only modestly year to date, underperforming the strong year-to-date performance of the S&P 500.Let's take a closer look at Verizon's most recent results, its valuation and dividend, and whether now is a good time to buy the stock on this recent dip.Mixed Q2 quarterly results F ...
Verizon powers the ultimate NFL fan experience at home and on-the-go
Newsfilter· 2024-07-24 13:00
NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Verizon is making it easier than ever for football fans to stay connected to the game and teams they love. Starting today, Verizon customers can get NFL Sunday Ticket from YouTube and YouTube TV, on us. Plus, Verizon is offering a new discount on YouTube TV's Base Plan and access to weekly ticket drops for every NFL game now through the end of the season through Verizon Access. Access to premium experiences, including NFL ticketsWith a suite of customer-focused pr ...
Verizon: Ignore The Noise, Buy The Dip
Seeking Alpha· 2024-07-24 01:43
peshkov Verizon (NYSE:VZ)’s shares dropped 6% after the telecom submitted its earnings sheet for the second-quarter on Monday, mainly because Verizon missed revenue targets. However, Verizon saw solid growth in its wireless business, acquired a ton of new subscribers in broadband and generated very solid dividend coverage. Shares of Verizon are currently trading at a 12% earnings yield, implying a high safety margin for investors. In my opinion, Verizon’s dip after Q2 earnings creates a new engagement o ...
Verizon Postpaid Net Adds Decline, But Broadband Growth Is 'Close To The Best': Analyst
Benzinga· 2024-07-23 16:03
Shares of Verizon Communications Inc. VZ were under pressure in early trading on Tuesday, after declining more than 6% following the company's second-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.RBC Capital Markets analyst Jonathan Atkin reiterated a Sector Perform rating and price target of $42.KeyBanc Capital Markets analyst Brandon Nispel maintained an Overweight rating and price target of $46.Check out other analyst stock ratings.RBC Capital Mark ...
Is Verizon Still A Buy After The Q2 Earnings Selloff?
Seeking Alpha· 2024-07-23 14:47
hapabapa Verizon Communications Inc.'s (NYSE:VZ) year-to-date gains have been wiped out after its second quarter earnings were disappointing, highlighting the stock's choppy run this year. The stock's elevated volatility continues to reflect its strong correlation to long-end Treasury performance, as we had previously discussed, which has fluctuated due to rising rate cut expectations later this year. And Verizon's underwhelming report this week has only exacerbated the fundamental-driven component of the s ...
Sector Rotation Alert: This High-Yield Telecom Stock Is a Buy
MarketBeat· 2024-07-23 11:04
Verizon Communications TodayVZVerizon Communications$39.09 -2.53 (-6.08%) 52-Week Range$30.14▼$43.42Dividend Yield6.80%P/E Ratio14.59Price Target$45.23Add to WatchlistSector rotation is on investors' minds, and no stock provides value, yield, or opportunity like Verizon NYSE: VZ. Its shares are down more than 5% following its Q2 release, setting up a significant opportunity that will deliver double-digit stock price gains in addition to the 6.5% yield within the next year or two.The results were mixed and r ...
Telecom and Cable Stocks Drop On Verizon Earnings Miss
The Motley Fool· 2024-07-22 20:27
Verizon's revenue miss is causing a harsh sell-off in telecom stocks, but is it warranted?Verizon (VZ -6.08%) reported earnings this morning and fell short of analyst estimates -- and that's caused AT&T (T -2.98%) and Comcast (CMCSA -1.37%) to fall with it. The market seems to be taking a sell-first, ask-questions-later approach to this earnings season so far.Shares of Verizon traded as much as 7% lower on the day, Comcast dropped 3.2%, and AT&T was down 4.2%. The stocks were off 6.3%, 1.5%, and 3% respecti ...
Verizon announces private exchange offers for 10 series of notes for up to $2.5 billion of new notes
Newsfilter· 2024-07-22 20:24
NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. ("Verizon") (NYSE, NASDAQ: VZ) today announced the commencement of private offers to exchange the 10 outstanding series of notes listed in the table below and maturing from 2025 through 2028 (collectively, the "Old Notes"), in each case, for newly issued notes of Verizon due 2035 (the "New Notes") (the "Exchange Offers"), on the terms and subject to the conditions set forth in an offering memorandum dated July 22, 2024 (the "Offering Me ...
Verizon announces private exchange offers for 10 series of notes for up to $2.5 billion of new notes
GlobeNewswire News Room· 2024-07-22 20:24
NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced the commencement of private offers to exchange the 10 outstanding series of notes listed in the table below and maturing from 2025 through 2028 (collectively, the “Old Notes”), in each case, for newly issued notes of Verizon due 2035 (the “New Notes”) (the “Exchange Offers”), on the terms and subject to the conditions set forth in an offering memorandum dated July 22, 2024 (the “Offering Me ...
Verizon(VZ) - 2024 Q2 - Earnings Call Transcript
2024-07-22 16:06
Verizon Communications Inc. (NYSE:VZ) Q2 2024 Earnings Conference Call July 22, 2024 8:30 AM ET Company Participants Brady Connor - SVP, IR Hans Vestberg - Chairman and CEO Tony Skiadas - EVP & CFO Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Jim Schneider - Goldman Sachs Sebastiano Petti - J.P. Morgan Michael Rollins - Citi David Barden - Bank of America Peter Supino - Wolfe Research Craig Moffett - MoffettNathanson Frank Louthan - Raymond James Timothy Horan - Oppenheime ...