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Verizon Communications Inc VZ Stock Quote

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Morningstar‘s Stock Analysis VZ

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Verizon Faces Declining Wireless Share as Rivals Reach Service Parity

Business Strategy and Outlook

| Michael Hodel, CFA |

Verizon is primarily focused on the wireless business, where the firm has taken steps to ensure it remains well positioned in the traditional wireless business, building fiber deeper into major metro areas, acquiring a huge chunk of spectrum in 2021, and ramping up spending to put that spectrum to use. We believe Verizon will deliver consistent results over the long term, but growth will likely be modest. Rivals AT&T and T-Mobile offer comparable services and sell at similar prices, which we expect will diminish Verizon's market share lead over time.

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Key Statistics VZ

Company Profile VZ

Business Description

Verizon is primarily a wireless business (nearly 80% of revenue and nearly all operating income). It serves about 93 million postpaid and 23 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services.

Contact
1095 Avenue of the Americas
New York, NY, 10036
T +1 212 395-1000
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 118,400

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