Opinions
Gordon Reid
Verizon Communications
VZ-N
DON'T BUY
Apr 25, 2018
Stock price when the opinion was issued
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Premium contentPremium contentVerizon 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.
Premium contentVerizon 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.
They sold their wireline business a few years ago and bought out the minority interest of Vodafone, putting all their eggs in one basket which did not pay off. Margins on wireless aren't as rich anymore. Telecoms don't do well during rising interest rates. Look elsewhere.