La vendita allo scoperto per Verizon Communications dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Verizon Communications. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Verizon Communications (NYSE:VZ) Azioni, Report sulle vendite allo scoperto

Verizon Communications

Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

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FYBR

SPDR Series Trust SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG

Verizon annuncia costi fino a $1,9 miliardi per licenziamenti e cessione di asset non strategici nel terzo trimestre 2024.

Verizon: $1,9 miliardi di costi per licenziamenti e vendita asset

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Guidance

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Tech

RSPC

Verizon acquista Frontier per 20 miliardi di dollari, espandendo significativamente la sua rete in fibra e potenziando le previsioni 2024.

Verizon acquista Frontier e potenzia la rete in fibra

Long Ideas

Dividends

Price Target

Markets

Analyst Ratings

Trading Ideas

SBGI

Wall Street suggerisce tre azioni tecnologiche e delle telecomunicazioni con rendimenti da dividendo superiori al 5% per investimenti stabili.

Wall Street consiglia 3 azioni con dividendi superiori al 5%

Verizon Communications Inc

VIZIO Holding Corp

Vizsla Silver Corp

VERIZON COMMUNICATIONS ORD

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$66.00</td>
<td>$40.2K</td>
<td>847</td>
<td>5.7K</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$570.00</td>
<td>$35.9K</td>
<td>1.8K</td>
<td>4.0K</td>
</tr>
<tr>
<td>BILI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$24.00</td>
<td>$42.0K</td>
<td>10.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$31.3K</td>
<td>547</td>
<td>878</td>
</tr>
<tr>
<td>DJT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$15.50</td>
<td>$38.6K</td>
<td>145</td>
<td>298</td>
</tr>
<tr>
<td>VZ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$45.00</td>
<td>$27.9K</td>
<td>353</td>
<td>193</td>
</tr>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$80.00</td>
<td>$29.2K</td>
<td>594</td>
<td>82</td>
</tr>
<tr>
<td>RBLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$47.50</td>
<td>$25.4K</td>
<td>2.9K</td>
<td>40</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$200.00</td>
<td>$25.9K</td>
<td>27</td>
<td>32</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$720.00</td>
<td>$50.7K</td>
<td>358</td>
<td>17</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we observe a put option sweep with bearish sentiment. It expires in 18 day(s) on October 18, 2024. Parties traded 115 contract(s) at a $66.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $350.0 per contract. There were 847 open contracts at this strike prior to today, and today 5771 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 51 contract(s) at a $570.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.9K, with a price of $702.0 per contract. There were 1810 open contracts at this strike prior to today, and today 4028 contract(s) were bought and sold. 
• For BILI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on January 17, 2025. This event was a transfer of 98 contract(s) at a $24.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $440.0 per contract. There were 10828 open contracts at this strike prior to today, and today 2084 contract(s) were bought and sold. 
• Regarding BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we observe a put option sweep with bearish sentiment. It expires in 18 day(s) on October 18, 2024. Parties traded 145 contract(s) at a $100.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $216.0 per contract. There were 547 open contracts at this strike prior to today, and today 878 contract(s) were bought and sold. 
• Regarding DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we observe a call option sweep with bearish sentiment. It expires in 18 day(s) on October 18, 2024. Parties traded 183 contract(s) at a $15.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $38.6K, with a price of $211.0 per contract. There were 145 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold. 
• Regarding VZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), we observe a put option trade with bearish sentiment. It expires in 172 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $279.0 per contract. There were 353 open contracts at this strike prior to today, and today 193 contract(s) were bought and sold. 
• For ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on October 18, 2024. This event was a transfer of 45 contract(s) at a $80.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $650.0 per contract. There were 594 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
• For RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we notice a put option trade that happens to be bearish, expiring in 81 day(s) on December 20, 2024. This event was a transfer of 40 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $635.0 per contract. There were 2932 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• Regarding TMUS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), we observe a call option trade with bearish sentiment. It expires in 25 day(s) on October 25, 2024. Parties traded 27 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $960.0 per contract. There were 27 open contracts at this strike prior to today, and today 32 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a call option trade that happens to be bullish, expiring in 81 day(s) on December 20, 2024. This event was a transfer of 12 contract(s) at a $720.00 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $4230.0 per contract. There were 358 open contracts at this strike prior to today, and today 17 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BIDU

BILI

NFLX

RBLX

RDDT

ROKU

TMUS

10 Communication Services Stocks With Whale Alerts In Today's Session

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.04%</li>
<li>B of A Securities analyst David Barden maintained a Neutral rating and raised the price target from $41 to $45 on Sept. 26. This analyst has an accuracy rate of 65%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and increased the price target from $47 to $49 on Sept. 25. This analyst has an accuracy rate of 77%</li>
<li>Recent News: Vay collaborated with Verizon Communications to integrate Verizon 5G connectivity into Vay's fleet of teleoperated electric vehicles.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"> latest VZ news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="858" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045916/image-230.png" alt="" class="wp-image-571915" style="width:697px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045916/image-230.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045916/image-230-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045916/image-230-768x719.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 5.07%</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $29 to $30 on Sept. 27. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Michael Rollins maintained a Buy rating and increased the price target from $21 to $24 on Sept. 11. This analyst has an accuracy rate of 77%</li>
<li>Recent News: The company's board of directors declared a quarterly dividend of $27.75 cents per share on common shares.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">latest T news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045930/image-231.png" alt="" class="wp-image-571917" style="width:683px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045930/image-231.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045930/image-231-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30045930/image-231-768x713.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
<h3 class="wp-block-heading">The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>)</h3>
<ul>
<li>Dividend Yield: 4.17%</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and cut the price target from $35 to $34 on July 25. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne downgraded the stock from Equal-Weight to Underweight and cut the price target from $34 to $28 on July 22. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Sept. 18, Interpublic named Alex Hesz as Chief Strategy Officer.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">trend in IPG stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30050005/image-232.png" alt="" class="wp-image-571918" style="width:661px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30050005/image-232.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30050005/image-232-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30050005/image-232-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
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<li><a href="https://www.benzinga.com/markets/24/09/41075978/top-4-materials-stocks-that-may-implode-in-q3">Top 4 Materials Stocks That May Implode In Q3</a></li>
</ul>

Pre-Market Outlook

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

The transaction is structured as a prepaid lease with upfront proceeds of approximately&nbsp;$2.8 billion&nbsp;in cash.
Under the terms, Verizon will enter into a 10-year agreement&nbsp;to lease back capacity on the towers from Vertical Bridge, serving as the anchor tenant, with options that could extend the lease term up to 50 years.&nbsp;
Under the terms, Verizon will enter into a 10-year agreement1&nbsp;to lease back capacity on the towers from Vertical Bridge, serving as the anchor tenant, with options that could extend the lease term up to 50 years.&nbsp;

Contracts

Vertical Bridge To Obtain Exclusive Rights To Lease, Operate And Manage 6,339 Wireless Communications Towers From Subsidiaries Of Verizon For ~$3.3B, Including Certain Commercial Benefits

Verizon Communications's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) short percent of float has risen 22.02% since its last report. The company recently reported that it has 56.02 million shares sold short, which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Verizon Communications Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727375421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Verizon Communications has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Verizon Communications's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Verizon Communications's peer group average for short interest as a percentage of float is 1.73%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Verizon Communications's Recent Short Interest

B of A Securities analyst David Barden maintains Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) with a Neutral and raises the price target from $41 to $45.

B of A Securities Maintains Neutral on Verizon Communications, Raises Price Target to $45

Citigroup analyst Michael Rollins maintains Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) with a Buy and raises the price target from $47 to $49.

Citigroup Maintains Buy on Verizon Communications, Raises Price Target to $49

Verizon Business and SK Shieldus have agreed to collaborate to deliver cybersecurity solutions to South Korean and Asian enterprises operating on a global scale. This strategic relationship will leverage Verizon Business' extensive global reach and SK Shieldus' deep-rooted expertise to provide comprehensive, world-class protection addressing the unique needs of Asian businesses. &nbsp;
By combining their strengths in real-time threat intelligence, vulnerability assessment, incident response, and managed security services, Verizon Business and SK Shieldus aim to empower enterprises to confidently navigate the complex global threat landscape, safeguarding their operations and assets worldwide.
Verizon Business works with 99% of Fortune 500 companies and governments worldwide and offers a suite of management and data security services. The company operates nine Security Operations Centers, six forensics labs and one of the largest IP networks in the world, monitoring 61 billion security events annually. In addition, Verizon's investigative response team boasts more than 400 security experts and conducted 500+ IT investigations in 2023.

Verizon and SK Shieldus Team Up to Strengthen Cybersecurity for Asian Enterprises

Raymond James analyst Frank Louthan maintains Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) with a Outperform and raises the price target from $44 to $48.

Raymond James Maintains Outperform on Verizon Communications, Raises Price Target to $48

Teledriving car-share company Vay collaborated with Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) &nbsp;to integrate Verizon 5G connectivity into Vay&#8217;s fleet of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40999776/verizon-business-inks-5g-connected-vehicle-deal-with-teledriving-car-share-company-vay" rel="noreferrer noopener">teleoperated electric vehicles</a>.
The deal also includes custom data plans to help manage data generated by Vay vehicles&#8217; sensors and cameras.
&#8220;Verizon&#8217;s technology has been critical for Vay&#8217;s entry into the U.S. market from Europe, and we look forward to continuing our relationship with them as we expand our commercial and B2B businesses,&#8221; said Thomas von der Ohe, Vay co-founder and CEO.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41000661/t-mobile-to-raise-2-5b-via-debt-for-buybacks-and-growth" rel="noreferrer noopener">T-Mobile To Raise $2.5B Via Debt For Buybacks and Growth</a>
Vay currently operates its commercial service in Las Vegas. Users can order an electric car via the Vay app and have it delivered to them by a Vay teledriver.
When the trip is complete, after the user exits the vehicle, a Vay teledriver remotely drives it to the next customer.&nbsp;
The move reflects Verizon&#8217;s attempts to unlock value as telecom companies are resorting to cost-cutting initiatives upon lackluster quarter results.
<a target="_blank" href="https://www.benzinga.com/news/24/09/40840777/verizon-to-record-up-to-1-9-billion-in-costs-for-layoffs-asset-sales-in-q3" rel="noreferrer noopener">Verizon recently disclosed</a> an expected severance charge of $1.7 billion—$1.9 billion in the third quarter under its&nbsp;voluntary separation plan. In September, Verizon also planned to discontinue certain real estate assets and exit non-strategic portions of certain businesses.
Verizon reported a&nbsp;second-quarter topline growth of&nbsp;0.6% to $32.8 billion, missing the analyst consensus of $33.1 billion.&nbsp;&nbsp;The company ended the quarter with 11.5 million broadband subscribers, up 17.2%.
Verizon Communications stock is up close to 34% in the last 12 months. Investors can gain exposure to the stock through Invesco Dow Jones Industrial Average Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJD#NYSE">DJD</a>) and SPDR Series Trust SPDR Portfolio S&amp;P Sector Neutral Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPDG#NYSE">SPDG</a>).
Price action:&nbsp;VZ stock is up 1.03% at $44.72 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40727235/verizon-to-acquire-frontier-in-20b-deal-reaffirms-fy24-outlook" target="_blank" rel="noreferrer noopener">Verizon To Acquire Frontier In $20B Deal, Reaffirms FY24 Outlook</a></li>
</ul>
Image via Shutterstock

Verizon Powers Vay's Teledriving Electric Fleet With 5G Connectivity

On Monday, T-Mobile US, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) disclosed plans to raise $2.5 billion through a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40993659/t-mobile-agrees-to-sell-2-5-billion-of-senior-notes" rel="noreferrer noopener">secondary senior notes offering</a> for general corporate purposes, including share repurchases, dividends, and refinancing of existing indebtedness.
T-Mobile USA subsidiary looks to sell the $700 million aggregate principal amount of its 4.200% Senior Notes due 2029, the $900 million aggregate principal amount of its 4.700% Senior Notes due 2035, and the $900 million aggregate principal amount of its 5.250% Senior Notes due 2055.
Recently, analysts re-rated T-Mobile after it shared its three-year plan, which focused on improving customer experience and dividend boost at a time when its rivals <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40944666/t-mobile-announces-3-year-ai-plan-analyst-says-could-mean-sizable-capital-returns-t" rel="noreferrer noopener">focused on cost-cutting</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40925493/t-mobile-partners-with-nvidia-ericsson-and-nokia-to-pioneer-ai-driven-mobile-networks" rel="noreferrer noopener">T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks</a>
Oppenheimer analyst Timothy Horan flagged the company&#8217;s transformation into a wireless carrier in spectrum depth, network performance, growth, free cash flow margins, and its lead in generative artificial intelligence.
KeyBanc analyst Brandon Nispel expects T-Mobile targets to help it become a leading home broadband provider by customer count, beating AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and&nbsp;Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>).
T-Mobile reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40067376/t-mobiles-q2-earnings-net-postpaid-adds-record-free-cash-flow-subscriber-boost-and-more" rel="noreferrer noopener">3% topline growth</a> in the second quarter, reaching revenue of $19.77 billion, above the analyst consensus of $19.55 billion. The company&#8217;s quarterly postpaid net account additions stood at 301 thousand. The high-speed internet net customer additions were 406 thousand.
T-Mobile stock is up 45% in the last 12 months. Investors can gain exposure to the stock through BlackRock U.S. Equity Factor Rotation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DYNF#NYSE">DYNF</a>) and Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>).
Price Action: TMUS stock is down 0.23% at $201.99 premarket at the last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/40826886/t-mobile-sends-first-wireless-emergency-alert-via-spacexs-starlink-satellites-in-space" target="_blank" rel="noreferrer noopener">T-Mobile Sends First Wireless Emergency Alert Via SpaceX&#8217;s Starlink Satellites In Space</a></li>
</ul>
Photo by viewimage on Shutterstock

Financing

DYNF

T-Mobile To Raise $2.5B Via Debt For Buybacks and Growth

7 analysts have shared their evaluations of Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Verizon Communications and provided 12-month price targets. The average target is $45.21, accompanied by a high estimate of $51.00 and a low estimate of $42.00. Witnessing a positive shift, the current average has risen by 1.6% from the previous average price target of $44.50.
<img src="https://www.benzinga.com/files/images/story/2024/1727100009_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Verizon Communications. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kutgun Maral</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$44.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Dan Brennan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Philip Cusick</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$45.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Jonathan Atkin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Maher Yaghi</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$46.50</td>
<td>$45.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Verizon Communications. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Verizon Communications compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Verizon Communications's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Verizon Communications's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/VZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Verizon Communications analyst ratings.</a>
<h2>Unveiling the Story Behind Verizon Communications</h2>
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
<h3>Verizon Communications: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Verizon Communications's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.61% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.0%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Verizon Communications's ROE stands out, surpassing industry averages. With an impressive ROE of 4.82%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Verizon Communications's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.21% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Verizon Communications's debt-to-equity ratio surpasses industry norms, standing at 1.8. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Verizon Communications

RBC Capital analyst Kutgun Maral maintains Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) with a Sector Perform and raises the price target from $42 to $46.

RBC Capital Maintains Sector Perform on Verizon Communications, Raises Price Target to $46

T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) shares were climbing on Thursday, after the company <a href="https://www.benzinga.com/markets/equities/24/09/40939403/t-mobile-surpasses-2021-capital-markets-day-goals-sets-new-ambitions-boosts-dividend-more">unveiled a three-year AI-focused plan</a>.
Here are some key takeaways from the company's Capital Markets Day in San Francisco.
<h1 class="wp-block-heading">Scotiabank On T-Mobile US</h1>
Analyst Maher Yaghi reiterated a Sector Outperform rating while raising the price target from $197.00 to $215.50.
T-Mobile detailed its growth plans for the next three years, the financial output of which "looks impressive with continuation of leading wireless subscriber loading, service revenue growth and FCF growth compared to US peers," Yaghi said in a note. 
The plan is focused on improving customer experience, unlike many telecom companies that have made cost-cutting their main focus, he added.
"We believe the expected 5% CAGR service revenue growth up to 2027 and the 8% Adj. FCF growth metrics, which do not include any of the pending acquisitions already announced, should support further stock upside," the analyst wrote. This should generate "sizable capital returns to shareholders," while still leaving the company with around $20 billion in cash "to further de-lever the balance sheet or undertake additional M&amp;A," he further stated.
<h1 class="wp-block-heading">Oppenheimer On T-Mobile US</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59282ae6290fa7000185325b/timothy-horan">Analyst Timothy Horan</a> maintained an Outperform rating while lifting the price target to $215.
"The company has transformed to the leading wireless carrier in spectrum depth, network performance, growth, and FCF margins, and is taking the lead in GenAI on both networks and CX," Horan wrote in a note. The company aims to "reduce inbound calls by 75% and resolve 100% of upgrades and 50%-plus of activations digitally," he added. &nbsp;
T-Mobile plans to use OpenAI for its upcoming IntentCX platform to increase customer engagement, the analyst stated. The company has also partnered with NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to "accelerate the development of AI-RAN," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">KeyBanc Capital Markets On T-Mobile US</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f8cd40efacff000111b43b/brandon-nispel">Analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f8cd40efacff000111b43b/brandon-nispel">Brandon Nispel</a> reaffirmed an Overweight rating and price target of $230.
T-Mobile&#8217;s 2027 guidance has "a number of upside levers from the contribution of Metronet, Lumos and US Cellular, plus the execution of &#8216;Hero Projects&#8217; and growth in underpenetrated Small Markets and Rural, Business and now First Responders," Nispel said.
T-Mobile has set targets that would make it "a larger Home Broadband provider by customer count" than both AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), which highlights that the company is "not at a strategic disadvantage despite lower Fiber home passed targets," the analyst stated.
<h1 class="wp-block-heading">Goldman Sachs On T-Mobile US</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5805f8a2846faa000106ab15/james-schneider">Analyst James Schneider</a> maintained a Buy rating and price target of $205.
T-Mobile has "ambitious targets" for broadband growth" and announced both revenue and cost initiatives around AI, Schneider said. Management is guiding to 2027 Service Revenue of $75-$76 billion and adjusted EBITDA of $38-$39 billion, ahead of consensus of $74.2 billion and $37.9 billion, respectively, he added.
While the company's financial guidance was "broadly in line with elevated expectations heading into the event," it was modestly disappointing for capital returns, the analyst stated. "We came away from the event with increased confidence in the sustainability of T-Mobile's growth trajectory, particularly with respect to its broadband initiatives," he further wrote.
<h1 class="wp-block-heading">RBC Capital Markets On T-Mobile US</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846ee55ee7bf6000154d12b/jonathan-atkin">Analyst Jonathan Atkin</a> reiterated an Outperform rating and price target of $200.
The company announced a new shareholder return program through 2027 worth $80 billion, Atkin said. It will use $10 billion to "fund all announced transaction, including USM, Lumos, Metronet, and spectrum payments," he stated.
T-Mobile has allocated $50 billion for share buybacks and dividends, "with dividend per share growth in the double digits," the analyst stated. He added, however, that $20 billion has been set aside as "a buffer for acquisitions and deleveraging apart from buybacks."
TMUS Price Action: Shares of T-Mobile US had risen by 1.80% to $200.22 at the time of publication on Thursday.
Read More:   • <a href="https://www.benzinga.com/markets/equities/24/09/40932937/apple-iphone-16-selling-at-a-greater-rate-than-last-year-says-t-mobile-ceo-amid-reports-of-lower">Apple iPhone 16 Selling At A &#8216;Greater Rate Than Last Year,&#8217; Says T-Mobile CEO Amid Reports Of Lower Demand: &#8216;People Are Buying Pros, They&#8217;re Buying Maxs…They&#8217;re Buying Up The Food Chain&#8217;</a>
Photo: Viewimage on Shutterstock

Analyst Color

Reiteration

NVDA

T-Mobile Announces 3-Year AI Plan Analyst Says Could Mean 'Sizable Capital Returns To Shareholders'

<a href="https://www.verizon.com/about/news/back-market-and-visible-verizon-announce-us-partnership">https://www.verizon.com/about/news/back-market-and-visible-verizon-announce-us-partnership</a>
Back Market and Visible by Verizon Announce U.S. Partnership
&nbsp;
Refurbished Tech Marketplace to Feature Exclusive Visible Plan Offer&nbsp;in Time for Holiday Shopping Season
Today, <a href="https://www.backmarket.com/en-us">Back Market</a>, the leading global marketplace for Verified Refurbished tech, announced a new partnership with <a href="https://www.visible.com/">Visible</a>, Verizon's award-winning app-based wireless service, offering unlimited data, talk and messaging. The exclusive offer was unveiled by Back Market Founder and CEO, Thibaud Hug De Larauze and Visible Managing Director, Jeremy Bolton during a Paris press conference.
Available now, every smartphone purchased on Back Market will come with access to a $20/month offer on the Visible plan for the first twelve months, with standard rates applying afterwards. This is a savings of $60 per line on the Visible plan for the first year, and if you factor in the cost of a new device compared to the cost of a Verified Refurbished device on Back Market, the savings are even greater. The combined value of these two brands makes access to high-quality technology and an exceptional wireless experience more affordable than ever.
"Together, Back Market and Visible are reaching the next generation of consumers who care about sustainability and getting the best deal," said Thibaud Hug De Larauze, Founder and CEO, Back Market. "We launched this partnership to continue to provide U.S. customers more convenience, affordability, and access to refurbished tech that offers the same factory-quality devices as new, at far less cost and impact on the environment. Visible shares our commitment to growing the circular economy for consumer technology and understands that to build a sustainable business you need to start with an amazing customer experience."
"We are excited to partner with Back Market to give U.S. customers a new option that's not only affordable, but environmentally-friendly," said Jeremy Bolton, General Manager, Visible. "We've always been committed to bringing our customers the best, most innovative, and most accessible digital wireless service, and now, we're proud to do that in a way that limits the impact of technology on the environment."
In partnership with Visible, Back Market's customers are within a click of best-in-class wireless service, including unlimited data on Verizon's 5G and 4G LTE networks. With this exclusive offer, Back Market continues to be a one-stop-shop for all consumer electronic needs, especially during the upcoming holiday shopping season as shoppers look for quality, affordable devices and trusted mobile plans, all while promoting sustainability through its circular model.
Details of the exclusive Visible plan offer on Back Market include:
<ul>
<li>$20/month for 12 months followed by standard rates for the Visible plan</li>
<li>Unlimited data, talk &amp; text on Verizon's 5G &amp; 4G LTE networks</li>
<li>Coverage of 99% of the U.S. population</li>
<li>High-risk spam and robocall blocking</li>
<li>Free talk and text to Mexico &amp; Canada</li>
<li>Access to Visible's 15-day network free trial</li>
</ul>
These savings come with no trade off in quality. Customers on Back Market always receive a 30-day money-back guarantee and a one-year warranty when purchasing devices, and this year <a href="https://www.jdpower.com/business/press-releases/2024-us-wireless-retail-experience-study-volume-2">J.D. Power</a> recognized Visible for delivering the best purchase experience among value mobile virtual network operators.
Back Market's mission is to lower the environmental impact of tech by extending devices lifespans. Customers can purchase high-quality refurbished electronics and devices that are better than new at a fraction of the price.

'Back Market And Visible By Verizon Announce U.S. Partnership'

Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
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Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) expects to book a severance charge of $1.7 billion–$1.9 billion in the third quarter due to the previously announced <a href="https://www.verizon.com/about/investors/sec-filings" target="_blank" rel="noreferrer noopener">voluntary separation program</a>.
In June 2024, Verizon shared plans to downsize 4,800 employees by the end of March 2025, with over half of these employees exiting in September 2024.
In September, Verizon plans to discontinue certain real estate assets and exit non-strategic portions of certain businesses, leading to asset and business rationalization charges of $230 million–$380 million in the third quarter of 2024.
In July, Verizon reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39883078/verizon-q2-earnings-wireless-revenue-and-broadband-subs-gain-traction-sales-fall-short-of-expectati" rel="noreferrer noopener">topline growth of</a> 0.6% to $32.8 billion, missing the consensus estimate of $33.1 billion. &nbsp;The company ended the quarter with 11.5 million broadband subscribers, up 17.2%. Postpaid phone net additions were 148,000, beating consensus estimates of 118,000.
Last week, Verizon <a href="https://www.benzinga.com/markets/equities/24/09/40727235/verizon-to-acquire-frontier-in-20b-deal-reaffirms-fy24-outlook" target="_blank" rel="noreferrer noopener">agreed to acquire</a> Frontier Communications Parent, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) for $20 billion to boost its fiber and wireless services.
Verizon stock is up 28% in the last 12 months. Investors can gain exposure to the stock through Invesco Dow Jones Industrial Average Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJD#NYSE">DJD</a>) and SPDR Series Trust SPDR Portfolio S&amp;P Sector Neutral Dividend ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPDG#NYSE">SPDG</a>).
Price action: VZ stock is down 0.15% at $43.68 at last check Thursday.
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In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) against its key competitors in the Diversified Telecommunication Services industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Verizon Communications Background</h3>
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Verizon Communications Inc</td>
<td>16.06</td>
<td>1.87</td>
<td>1.34</td>
<td>4.82%</td>
<td>$12.21</td>
<td>$20.32</td>
<td>0.61%</td>
</tr>
<tr>
<td>AT&amp;T Inc</td>
<td>12.36</td>
<td>1.46</td>
<td>1.27</td>
<td>3.38%</td>
<td>$11.86</td>
<td>$18.36</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Chunghwa Telecom Co Ltd</td>
<td>26.36</td>
<td>2.64</td>
<td>4.32</td>
<td>2.59%</td>
<td>$22.32</td>
<td>$20.54</td>
<td>1.13%</td>
</tr>
<tr>
<td>PT Telkom Indonesia (Persero) Tbk</td>
<td>12.89</td>
<td>2.32</td>
<td>2</td>
<td>4.2%</td>
<td>$19044.0</td>
<td>$26415.0</td>
<td>1.27%</td>
</tr>
<tr>
<td>Telefonica Brasil SA</td>
<td>17.30</td>
<td>1.28</td>
<td>1.66</td>
<td>1.77%</td>
<td>$5.25</td>
<td>$6.07</td>
<td>7.43%</td>
</tr>
<tr>
<td>KT Corp</td>
<td>9.43</td>
<td>0.59</td>
<td>0.38</td>
<td>2.32%</td>
<td>$1797.51</td>
<td>$4340.82</td>
<td>-0.02%</td>
</tr>
<tr>
<td>Telecom Argentina SA</td>
<td>7.12</td>
<td>0.48</td>
<td>1.79</td>
<td>1.28%</td>
<td>$523.84</td>
<td>$627.58</td>
<td>-8.33%</td>
</tr>
<tr>
<td>IDT Corp</td>
<td>26.55</td>
<td>4.39</td>
<td>0.79</td>
<td>2.6%</td>
<td>$0.02</td>
<td>$0.1</td>
<td>0.12%</td>
</tr>
<tr>
<td>Average</td>
<td>16.0</td>
<td>1.88</td>
<td>1.74</td>
<td>2.59%</td>
<td>$3057.83</td>
<td>$4489.78</td>
<td>0.17%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>By carefully studying Verizon Communications, we can deduce the following trends: 
<ul>
<li>
At 16.06, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.0x, suggesting a premium valuation relative to industry peers.
</li>
<li>
Considering a Price to Book ratio of 1.87, which is well below the industry average by 0.99x, the stock may be undervalued based on its book value compared to its peers.
</li>
<li>
Based on its sales performance, the stock could be deemed undervalued with a Price to Sales ratio of 1.34, which is 0.77x the industry average.
</li>
<li>
The company has a higher Return on Equity (ROE) of 4.82%, which is 2.23% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $12.21 Billion is 0.0x below the industry average, suggesting potential lower profitability or financial challenges.
</li>
<li>
The gross profit of $20.32 Billion is 0.0x below that of its industry, suggesting potential lower revenue after accounting for production costs.
</li>
<li>
The company's revenue growth of 0.61% exceeds the industry average of 0.17%, indicating strong sales performance and market outperformance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725980454_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing Verizon Communications against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
Among its top 4 peers, Verizon Communications has a higher debt-to-equity ratio of 1.8.
</li>
<li>
This implies a greater reliance on debt financing, which can expose the company to higher financial risk and potential challenges.
</li>
</ul>
<h3>Key Takeaways</h3>
For Verizon Communications, the PE ratio is high compared to peers, indicating potential overvaluation. The PB and PS ratios are low, suggesting undervaluation relative to industry competitors. In terms of ROE, Verizon shows strong performance, while EBITDA and gross profit margins are lower than industry averages. However, Verizon's revenue growth rate is higher than its peers, indicating potential for future growth in the Diversified Telecommunication Services sector.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Verizon Communications Against Peers In Diversified Telecommunication Services Industry

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The telecom industry is on the verge of massive growth, fueled by the rapid expansion of 5G technology. Thus, investors looking to capitalize on this trend could consider investing in telecom giants, such as T-Mobile US (TMUS), Verizon Communications (VZ), and AT&T (T), which are well-positioned to ride the 5G wave and deliver solid returns. Learn more… The telecom sector has evolved significantly, driven by the growing demand for 5G technology and the need for high-speed, low-latency networks. The ongoing expansion of 5G, alongside the anticipation of 6G deployment, represents a strategic shift that is fueling substantial growth within the industry.
Amid this backdrop, investors could consider buying fundamentally sound telecom stocks T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>), Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>), and AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>), which are leading the 5G technology expansion and are well-positioned to benefit from the increasing demand for advanced connectivity.
Telecom companies offering 5G networks are enabling the development of advanced technologies like augmented reality (AR), virtual reality (VR), and edge computing. These advancements boost efficiency and productivity across other industries as they adopt 5G networks. According to a <a href="https://www.pwc.com/gx/en/industries/technology/publications/economic-impact-5g.html">PwC report</a>, the US economy will be expected to add $15 billion by using 5G applications in industrial manufacturing by 2030.
The future outlook of the telecom is bright and promising, especially as 5G networks become more widespread. The global 5G infrastructure market is projected to reach $590.18 billion by 2032, exhibiting a <a href="https://www.fortunebusinessinsights.com/industry-reports/5g-infrastructure-market-100869">CAGR of 42.7%</a>. With that, global connections are forecasted to reach <a href="https://www.5gamericas.org/global-5g-connections-surge-to-1-76-billion-66-percent-growth-year-over-year-as-north-america-leads-charge/">7.9 billion by 2028</a>, driven by innovation and collaboration.
Given these favorable market trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/telecom-domestic/">Telecom – Domestic</a> stocks, beginning with the third choice.
Stock #3: Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>)
VZ offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through two segments, Verizon Consumer Group and Verizon Business Group, providing wireless and wireline communications services and products in the United States.
On September 5, VZ announced that it would acquire Frontier Communications Parent, Inc. for a $20 billion cash deal. This acquisition will considerably expand VZ's fiber footprint and intelligent edge network for digital innovations like AI and IoT across the nation to current as well as new customers. Frontier's 2.2 million fiber subscribers will join VZ's connections, expanding its network reach to 25 million premises across 31 states and Washington, D.C.
On September 4, buoyed by strong financial performance, the company increased its quarterly dividend by 1.25 cents to $0.6775 per share, payable to its shareholders on November 1, 2024.
VZ has raised its annual dividend for 18 consecutive years. It pays an annual dividend of $2.71, which translates to a yield of 6.04% at the current share price. Its four-year average dividend yield is 5.83%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 2% over the past five years.
In the fiscal second quarter that ended on June 30, 2024, VZ's total operating revenues increased marginally year-over-year, amounting to $32.80 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> rose 8.3% from the year-ago value to $7.82 billion. The company's consolidated adjusted EBITDA came in at $12.30 billion, up 2.8% year-over-year, and its EPS stood at $1.09. In addition, its total broadband subscribers stood at 11.5 million, representing an increase of nearly 69% year-over-year.
According to VZ's guidance and outlook for its fiscal year 2024, it is projecting adjusted EBITDA to grow between 1% to 3%. Additionally, its adjusted EPS guidance ranges from $4.50 to $4.70. The company also expects total wireless services revenue growth to range between 2% and 3.5%.
Street expects VZ's revenue for the fiscal fourth quarter (ending December 2024) to increase marginally year-over-year to $35.53 billion. Its EPS for the same period is expected to register a 2.7% growth from the prior year, settling at $1.11. In addition, it surpassed the consensus EPS estimates in three of the trailing four quarters, which is promising.
The stock has gained 38.6% over the past year and 20.3% over the past nine months to close the last trading session at $44.89.
VZ's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
VZ has a B grade for Stability. It is ranked #7 out of 18 stocks in the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry. <a href="https://stocknews.com/stock/VZ/">Click here</a> to see the additional ratings for VZ (Growth, Value, Momentum, Sentiment, and Quality).
Stock #2: AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>)
T is a leading global telecommunication, media, and technology service provider that operates through two segments: Communications and Latin America. It provides wireless and wireline telecom services to consumers and businesses worldwide.
On September 9, T expanded its high-speed fiber internet to new geographies, reaching more people. This expansion will be continued through joint ventures and other commercial open-access agreements aiming to expand Gigapower's fiber footprint in new locations.
On September 27, the company declared a quarterly dividend of $0.2775 per share, payable to its shareholders on November 1. T pays an annual dividend of $1.11 per share, which translates to a yield of 5.07% on the prevailing share price. Also, its four-year average dividend yield is 6.38%.  
T's operating revenues from service for the second quarter (ended June 30, 2024) increased marginally year-over-year to $25.01 billion. Its attributable net income came in at $3.55 billion, and its earnings per share stood at $0.49. The company's free cash flow grew 9.5% from the year-ago value to $4.60 billion. Also, it reported an adjusted EBITDA of $11.34 billion, indicating a 2.6% growth from the prior year's quarter.
Looking ahead, T anticipates full-year adjusted EBITDA for the fiscal year 2024 to be in the range of 3%, and capital investment and free cash flow are anticipated to be in the range of $21-$22 billion and $17-$18 billion, respectively. The company also projects adjusted EPS to fall between $2.15 and $2.25.
Analysts expect T's revenue and EPS for the current year (ending December 2024) to be $122.67 billion and $2.19, respectively. For the fiscal year 2025, both its revenue and EPS are expected to grow by 1.6% and 3.5% from the prior year to $124.68 billion and $2.26, respectively.
T shares have surged 47.3% over the past year and 32.1% over the past nine months to close the last trading session at $21.90.
T's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Quality. Within the same Telecom - Domestic industry, it is ranked #3. <a href="https://stocknews.com/stock/T/">Click here</a> to see T's ratings for Growth, Value, Momentum, Stability, and Sentiment.
Stock #1: T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>)
TMUS is a provider of mobile communications services, including voice, messaging, and data, under its flagship brands, T-Mobile and Metro by T-Mobile. It offers mobile communications services primarily using its 4G Long Term Evolution (LTE) network and its 5G technology network. 
On September 18, TMUS and Open AI entered a multi-year agreement to customize the first intent-driven AI-decisioning platform, IntentCX. This platform will use real-time data to understand customers' needs and intent and proactively take action and resolve issues.
On the same day, demonstrating its commitment to returning value to shareholders, the company declared a quarterly dividend of $0.88 per share, up 35% from the previous quarter, payable to its shareholders on December 12, 2024. TMUS pays an annual dividend of $3.52, which translates to a yield of 1.72% at the current share price. Its four-year average dividend yield is 0.17%.
For the second quarter of 2024, which ended on June 30, TMUS' total revenues increased 3% year-over-year to $19.77 billion, while its postpaid service revenues grew 6.9% from the same period last year to $12.90 billion.
The company's adjusted EBITDA for the quarter amounted to $8.05 billion, representing an increase of 8.8% year-over-year. Its net income stood at $2.92 billion, up 31.7% year-over-year, while its earnings per share rose 33.9% from the prior year's quarter to $2.49. Also, TMUS' adjusted free cash flow grew 54.3% from the year-ago value to $4.44 billion.
Building on this quarter's momentum, the company updated its guidance for 2024. TMUS anticipates that the full-year core adjusted EBITDA will range between $31.50 billion and $31.80 billion. It also forecasts adjusted free cash flow in the range of $16.60 billion to $17 billion and postpaid net customer additions to be between 5.4 million and 5.7 million.
The consensus revenue estimate of $20 billion for the fiscal third quarter (ending September 2024) represents a 3.9% increase year-over-year. The consensus EPS estimate of $2.45 for the current quarter indicates a 22.8% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past year, the stock has surged 46.9%, closing the last trading session at $205.18.
It's no surprise that TMUS has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Growth, Stability, Sentiment, and Quality. Out of 18 stocks in the same industry, TMUS is ranked #2.
Beyond what is stated above, we've also rated TMUS for Value and Momentum. Get all TMUS ratings <a href="https://stocknews.com/stock/TMUS/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
TMUS shares were unchanged in premarket trading Monday. Year-to-date, TMUS has gained 29.39%, versus a 21.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/tmus-vz-t-3-top-rated-telecom-stocks-to-buy-for-5g-growth/>3 Top-Rated Telecom Stocks to Buy for 5G Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated Telecom Stocks to Buy for 5G Growth

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