Verizon Stock
Verizon Communications Inc. (NYSE:VZ) stock, the largest wireless carrier in the United States by subscribers, reported its third-quarter financial results on October 20. Investors seem disappointed with the company's quarterly performance, as VZ stock is trading downward. The company’s equity dropped 2.64% to $49.06 per share on Thursday afternoon. Verizon…
Yahoo! Inc. (NASDAQ:YHOO) stock is expected to close its transaction to sell its core Internet business to Verizon Communications Inc. (NYSE:VZ) for $4.8 billion in the first quarter of 2017. The tech giant will become a publicly traded investment company (temporarily referred to as RemainCo), which will hold…
Friday was a sea of red on Wall Street with stocks getting hammered after Britain voted to leave the European Union (EU). Despite the broad-based global sell-off, investors sought the safety of stocks in the world’s biggest and safest economy. More specifically, investors sought safety in Verizon Communications…
Could a Workers’ Strike Crimp Verizon Stock? Nearly 40,000 Verizon Communications Inc. (NYSE:VZ) workers went on strike on Wednesday in the eastern United States, as negotiations to renew their employment contract hit a roadblock. Workers have been without a contract since August 2015. The talks stalled over health…
Verizon Communications Inc. (NYSE:VZ) is a frontrunner to buy Yahoo! Inc. (NASDAQ:YHOO) and will launch a first offer for the embattled Yahoo’s Internet business. Verizon stock, popular among investors for its dividend, gained a half-percentage point on the rumor. Shortly after Yahoo announced dismal quarterly results in February,…
The No. 1 Reason to Like VZ Stock Since speculation that Verizon Communications Inc. (NYSE:VZ) is the frontrunner to acquire Yahoo! Inc. (NASDAQ:YHOO), Verizon stock has soared 15%. However, VZ stock’s most attractive feature is its dividend. Verizon has a sustainable competitive advantage. It has a dominant position…
On May 12, 2015, Verizon Communications Inc. (NYSE/VZ) announced that it would buy AOL Inc. (NYSE/AOL) for $4.4 billion. The acquisition would give Verizon more advertising technology and access to the online video streaming business. Verizon Communications is an American broadband and telecommunications company. AOL is a New…