Vz “biggest loser” Competitive concerns weighing on VZ stock, trading down 2.8% Thurs

https://www.barrons.com/articles/verizon-faces-price-pressures-51660848143?siteid=yhoof2&yptr=yahoo

Verizon Hurt by Aggressive AT&T Promotions: Analyst
By Connor Smith
Updated Aug. 18, 2022 2:50 pm ET / Original Aug. 18, 2022 2:43 pm ET

Competitive concerns are weighing on Verizon stock, which was trading down 2.8% Thursday.
Shares of Verizon Communications VZ –2.54% were falling in Thursday trading after an analyst flagged competitive concerns that could weigh on the stock.
MoffettNathanson analyst Craig Moffett cut his rating on Verizon stock (ticker: VZ) to Underperform from Market Perform in a note on Thursday. He also lowered its target price to $41 from $55. Moffett called Verizon the “biggest loser” of AT&T ’s promotional efforts, which he describes as “aggressive.”
“Verizon has done its best to avoid being dragged into AT&T T +0.05% ’s promotional abyss, but their efforts have been met with only limited success,” the analyst wrote. “They have seesawed between periods of promotionality and financial restraint, optimizing neither.”
A Verizon representative didn’t return a request seeking comment.
Verizon stock was down 2.8% to $44.06 in Thursday trading, while the S&P 500 index was flat.
The analyst also argued T-Mobile (TMUS) has been growing its competitive advantage in 5G while offering lower prices.
“In survey after survey, T-Mobile is pulling away, winning consistently not only for download and upload speeds, but for coverage and availability as well,” Moffett wrote. “Verizon’s customer base, self-selected for their ‘best network’ positioning, appears particularly vulnerable.”
Verizon also has price competition from traditional cable industry firms, like Comcast ’s Xfinity Mobile, according to Moffett. He also cut the AT&T target to $17 from $19.
“None of this is good news for AT&T and Verizon,” he added.

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Four weeks left in the 3Q 2022. The stock price sits at $41.30 with a 52 week low of $41.15 which is near Craig Moffett's target price of $41.00. This is make or break time for Hans and his executive team. Will they right the ship or will it be another loosing quarter?

So when is board replacing the biggest loser Hans…??

Hiring freeze, no travel, attrition, rifts, no dividend, STI bonus based at 80%

Save your money. Look around you, you see what Wall Street sees. It’s only a matter of time. This company has no way to generate revenue to pay off its tremendous debt much less increase profits. This is the beginning of the end.

Should not had bought Voda shares at the price they did. Should have promoted Denny instead of Lowell.

Hey Board while you're cleaning house let's get rid of Rima Q. What's the strategy to compete that she's brought to the table?

Just keep applauding failures and giving yourselves bonuses for bad results the ship will right itself. Hans will be gone with 40 million and we will be stuck with his 5G trash

T-Mobile is Up To Speed.

Verizon not so much.

https://www.marketwatch.com/story/verizon-has-few-palatable-options-analyst-says-in-downgrade-11660845612?siteid=yhoof2&yptr=yahoo

Additionally, Moffett highlighted that Verizon and its rivals have yet to realize the lofty 5G benefits they had once expected, to the point where even company management teams seem to be backing off of such discussion, in his view.

“Today, that enthusiasm [for incremental revenue opportunities from 5G] is mostly gone,” he wrote. “Admittedly, consensus expectations have also come down, so there is less room for disappointment. But the costs of the one-time enthusiasm – most notably in the debt associated with the stupendous sum Verizon spent on C-Band spectrum – remains.”

See also: Verizon stock downgraded as Bank of America waits ‘for 5G to be a thing’

Moffett sees Verizon with “few palatable options,” and he reduced his price target on the stock to $41 from $55.

Verizon has the "best netwoke".

Hey, Vz Board of Directors, can you hear me now? Time to clean house starting with Hans.

“In survey after survey, T-Mobile is pulling away, winning consistently not only for download and upload speeds, but for coverage and availability as well,” Moffett wrote. “Verizon’s customer base, self-selected for their ‘best network’ positioning, appears particularly vulnerable.”

Thread regarding Verizon Communications Inc. layoffs

Vz “biggest loser” Competitive concerns weighing on VZ stock, trading down 2.8% Thurs

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