Verizon's problems ‘aren't just narrative' — but here's the bull case for the stock

“The problems aren’t just narrative” when it comes to Verizon Communications Inc., according to Wolfe Research analyst Peter Supino. Yet he upgraded the stock to outperform from peer perform late Wednesday, writing that he and his team “really like” the risk-reward balance. Supino acknowledged that telecommunications investors have enjoyed a rough ride recently: “In 2023, just one of the Big 3 telcos earned a return on capital greater than its [average] cost of capital.” That was Verizon VZ, +0.54%, but inv ...