Opinions
Liz Miller
Verizon Communications
VZ-N
HOLD
Apr 24, 2017
Stock price when the opinion was issued
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Verizon Communications Inc., commonly known as Verizon, is a multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. Social media mentions are up 122% in the past 24h.
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. Social media mentions are up 1300% in the past 24h.
We have seen the pull back across the biggies. They are now trying to get into content. Investors are trying to decide what it is they own. There is a large retail investor base in this stock and it no longer looks like it will be a utility stock going forward. The 4.9% dividend may not be reliable in the long term, although there is no stress on it. The content business is not historically that reliable to pay a dividend out of.