Wireless industry is a fiercely contested arena. Costs are set to rise Verizon’s recurring revenue streams and stable cash flows allow it to finance its business with large amounts of debt . Rising interest rates can make Verizon’s dividend less attractive.
One of the next things we asked ourselves was; why is verizon stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock .
Why did Verizon stock fall on Tuesday?
Verizon stock fell on Tuesday as it added fewer postpaid wireless phone subscribers than expected . This video file cannot be played. (Error Code: 102630) For 2021, Verizon said it expects full-year adjusted per-share earnings in a range of $5 to $5.15 per share.
Verizon Communications ( VZ) reported fourth-quarter adjusted earnings that topped estimates while revenue edged by Wall Street targets. Verizon stock fell on Tuesday as it added fewer postpaid wireless phone subscribers than expected . This video file cannot be played.
Will Verizon Communications stock rise Tuesday?
Verizon Communications Inc. stock rises Tuesday, outperforms market Jan. 18, 2022 at 5:30 p. m.
Kinda boring, a good, long-term stock. Pays a 4.8% dividend, trading at 8x earnings which should grow around 3-5%. It doesn’t matter what happens to interest rates or Russia. Verizon will be fine . It pays a large dividend, so it’s attractive to dividend investors.
Another inquiry we ran across in our research was “What is the stock symbol for Verizon Communications?”.
Some have found that verizon Communications is a American stock, trading under the symbol VZ-N on the New York Stock Exchange (VZ). It is usually referred to as NYSE: VZ or VZ-N.
Verizon stock and AT&T stock have gained in 2022 amid a rotation out of tech firms. The telecom firms are due to report fourth-quarter earnings.
Verizon stock (NYSE: VZ) saw a 5.4% increase in the last one month (21 trading days) and it now trades at $59 per share.