Thread regarding Verizon Communications Inc. layoffs

Is Verizon A Buy Or Sell Ahead Of September Quarter Earnings?

https://www.investors.com/news/technology/verizon-stock-buy-now/

VZ Stock: Market Share Losses
Craig Moffett, analyst at MoffettNathanson, recently downgraded Verizon stock to under-perform. He noted that "whether it's total phones or postpaid phones, Verizon has lost market share in every quarter since the second quarter of 2020."

"Verizon has done its best to avoid being dragged into AT&T's promotional abyss, but their efforts have been met with only limited success," added Moffett.

Meanwhile, Warren Buffett's Berkshire Hathaway (BRKB) unloaded its remaining 1.4 million shares of Verizon stock in the second quarter.

June-quarter earnings for VZ stock missed estimates. The telecom company lowered 2022 EPS guidance for Verizon stock.

Verizon said it added only 12,000 postpaid wireless phone subscribers in Q2 versus estimates of 144,000.

In the year-earlier period, Verizon added 275,000 postpaid wireless phone customers.

"Verizon's issue is around the marketing and branding image," said Raymond James analyst Frank Louthan in a report. "For whatever reason the network quality isn't enough to bring customers in the door. Management has thrown in the towel and the guide implies they are getting back into the kn--e fight for subscribers with heavier promotion and retention spending through the rest of 2022."

VZ Stock Analysis: Is It A Buy Right Now?
VZ stock holds a Relative Strength Rating of 21 out of a best possible 99, according to the IBD Stock Checkup. The best stocks tend to have an RS rating of 80 or better.

Verizon stock also holds an IBD Composite Rating of 30 out of a best possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Verizon stock, meanwhile, has an Accumulation/Distribution Rating of D-minus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. The rating, on an A+ to E scale, measures institutional buying and selling in a stock. A+ signifies heavy institutional buying; E means heavy selling. Think of the C grade as neutral.

As of Oct. 10, VZ stock has no valid entry point. It needs to forge a new base.

Investors could take a look at other 5G stocks, such as chip makers or network gear suppliers.

Meanwhile, emerging 5G wireless apps could take years to generate significant revenue. Rather than buy Verizon stock, income-oriented investors might consider a large ETF such as SPY, which tracks the S&P 500.

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Post ID: @OP+1j8byjJn

14 replies (most recent on top)

Sell...sell..sell...$29 is on the way.

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Post ID: @3qne+1j8byjJn

Definitely a hard sell. The dividend at this rate may not be sustainable. Don’t buy a falling kn--e for a 6% yield

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Post ID: @doh+1j8byjJn

Analysts favor AT&T over Verizon in the current market contre temps. Ivan a d his mealy mouth minions have been outed by The Street as full of you know what.

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Post ID: @mej+1j8byjJn

All depends on the dividend. That is where the value is in the stock.

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Post ID: @hqc+1j8byjJn

I have a theory, let's see how this plays out. I believe institutional investors think of AT&T and VZ as exactly the same. Therefore they are looking for the same dividend and possibly Price to earnings ratio. If that is true VZ has a little more to fall. AT&T's yield is 7.44% today with a P/E of 5.50. VZ's dividend yield is 7.11% with a P/E of 7.37.

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Post ID: @blv+1j8byjJn

That's what they are saying about at&t too!

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Post ID: @kzg+1j8byjJn

you would have to be d-mb to not buy a stock this low that is yielding with a positive 10yr outlook

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Post ID: @bwl+1j8byjJn

Anecdotally, more than a few people have told me that their cell phone reception has diminished or completely lost its signal at there homes. Why is this occurring and why, if we are trying to retain customers, is this not being taken more seriously?
Also, as far as retaining the customer base on the landline side of the house, no one should be made to wait through days of service interruption. It’s tough to do, especially if one is trying to work from home, the students are trying to do school work or, parents need a break and would like to provide their kids a little distraction with a movie on television.

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Post ID: @adz+1j8byjJn

Ask the folks who used to work for Lucent

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Post ID: @bop+1j8byjJn

How can anyone support toxic Verizon?

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Post ID: @rzx+1j8byjJn

Verizon is on a downward spiral. Aint nothin nobody can do about it. The company has seen its peak, ain't nothing but valleys ahead. Sell, sell, sell!

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Post ID: @zii+1j8byjJn

I'd take this with a grain of salt. Craig Moffet has never had anything good to say about VZ, ever. Even when they were growing the subscriber base and EBITDA this guy was bearish.

Someone at VZ must have really pi---d him off early in his career. All other analysts are eating VZ a buy since the recent price drop, dividend hike.

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Post ID: @gfu+1j8byjJn

Trending in the wrong direction again.

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Post ID: @lrv+1j8byjJn

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