The U.S. Federal Aviation Administration is close to canceling a $2.4 billion contract awarded to Verizon to overhaul a communications system, and awarding the work to Elon Musk's Starlink, the Washington Post reported on Wednesday.
VZ is collaborating with ASTS to develop the fastest satellite-to-device network that efficiently supports text, voice and video applications.
Verizon Communications Inc. (NYSE:VZ ) Barclays Communications & Content Symposium February 25, 2024 9:15 AM ET Company Participants Joe Russo - EVP & President, GN&T Conference Call Participants Kannan Venkateshwar - Barclays Operator Kannan Venkateshwar All right, get started on the next one. We're really glad to have with us Joe Russo, who Heads Global Networks of Verizon.
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
VZ appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Verizon, part of Rose's Income Garden Portfolio, offers a 6.75% yield, making it a strong income stock with reliable dividends and fair valuation. Verizon's extensive fiber network and recent acquisitions position it well for future growth, despite lagging in 5G and facing potential debt issues. The company has a solid dividend history, paying rising dividends for 20 years, with a current payout ratio of 58.22% and a BBB+ credit rating.
Verizon Communications Inc.'s near 7% yield, low valuation, and potential for capital appreciation make it a compelling buy for income-focused investors despite its debt load. The company reported solid Q4 earnings with EPS of $1.10 and revenue of $35.7 billion, driven by strong broadband and fixed-wireless subscriber growth. Verizon's free cash flow grew by 31.7% year-over-year, enabling continued dividend increases and debt reduction, enhancing its attractiveness for income investors.
Verizon has an almost 7% dividend yield, a strong return all by itself that justifies investing in the company. The company is growing both in prepaid and postpaid subscribers, resulting in top- and bottom-line growth. The company has additional billions it can use to improve its financial position and drive strong shareholder returns.
Verizon Communications (VZ -0.20%) continued to post strong subscriber growth in the fourth quarter, helping lift the stock. However, the stock has nonetheless traded lower over the past year.
Like most companies, Verizon Communications (VZ -0.20%) is looking at how it can best leverage the power of artificial intelligence (AI). The telecom giant is already using the technology to enhance the customer experience and drive efficiencies in its business.
Verizon (VZ -0.30%) stock doesn't get a lot of love from Wall Street, but the company continues to churn out cash quarter after quarter. In this video, Travis Hoium explains why the dividend alone could be a great reason to own the stock.