VZ

Verizon Communications Inc

TMT


Presented:03/18/2020
Price:$54.32
Cap:$224.66B
Current Price:$43.74
Cap:$184.12B

Presented

Date03/18/2020
Price$54.32
Market Cap$224.66B
Ent Value$385.03B
P/E Ratio11.67x
Book Value$14.85
Div Yield4.48%
Shares O/S4,135.86M
Ave Daily Vol18,301,452
Short Int1.03%

Current

Price$43.74
Market Cap$184.12B
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products; video and data services; corporate networking solutions; security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: AT&T Inc (T), T-Mobile US Inc (TMUS), Verizon Communications Inc (VZ)

Highlights

The presenter is long shares of Verizon (VZ) thinking the telecom provider is a leader in the 5G evolution, which he believes is being pulled forward due to increased demand for high-speed internet services. The stock currently trades at ~$52, and has pulled back 15% from its high of ~$60. Despite the COVID-19 disruption, the presenter believes Verizon has had relatively strong performance due to its 4.6% dividend yield, solid balance sheet and FCF. He expects the stock to rebound towards prior highs of ~$60, and for Verizon to gain market share in the 5G cycle as its network quality outshines the competition in the next 12 - 18 months. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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