Verizon Ancillary: AT&T and Verizon will declare bankruptcy within 12 months.

** Shares of wireless carrier AT&T fall as much as 5.5%, hitting their lowest since March 2003

** Brokerage J.P. Morgan cuts PT to $17 from $22 and downgrades stock rating to "neutral" from "overweight"

** PT cut by brokerage still represents an upside of 12.4% to stock's last close price of $15.12

** Co faces marginally more pressure in its mobility segment from rivals Verizon, T-Mobile US - J.P.Morgan

** AT&T also faces pressure in consumer wireline segment from cable and fixed wireless access - brokerage

** "We worry that the repeated downward revisions for its key wireless and fiber growth businesses, the high interest rate environment, and new uncertainty regarding lead sheathed cables will limit any substantial rebound," says J.P. Morgan

** Avg. estimate of 29 analysts covering the stock is "hold"; their median PT is $20 - Refinitiv

** Up to last close, stock had fallen ~18% YTD (Reporting by Jaspreet Singh in Bengaluru)

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13 replies (most recent on top)

What a d-mb thread. So let's see. Verizon pays a huge dividend. VZ would have to completely stop paying a dividend before they could even think of going bankrupt. Not happening.

You will see a lot of things sold off to other small players

Again. Playing with margins. Riffs handle quarterly losses, but those haven't been extreme. Bankruptcy is the extreme. this isn't frontier.

Post ID: @1ego+1nBv3j34

And that is why there are so many employees being RIFed. Are you one being RIFed or has been RIFed?

Livelihoods of innocent employees being destroyed.

Post ID: @1ego+1nBv3j34

How much free cash flow. This is why the share price is again down to $34/share.

Risk to continue paying the quarterly dividend and the incurred residual corporate debt.

You dont know how to assess risks. There is no fearmongering. Hard realities.

FEARMONGERING POST.

Both are far from it. It would take massive losses to incur bankruptcy. VZ is playing with margins, hovering above and below the line.

Post ID: @1jeq+1nBv3j34

Agree, correct, there will be more than one US wireless carrier.

However, at this inflection point, it is a worthless business with no growth to generate corporate revenue and top-line growth.

The share prices for the dominant two will be $10/share each.

The US isn’t going to have one mobile carrier. AT&T and VZ are too big to fail.

Sad what T-Mobile did to us. Beat us at our own game. There is no recovering from here.

bailout what?? be specific?? the lead issue?? the corporation?? the union??

the feds will bailout so they can control it

There is no onus of insecurity. You are the insecure individual.

No, they won't.

Quit creating drama for your own insecurity. Spreading fear. Weak.

Thread regarding Verizon Communications Inc. layoffs

Verizon Ancillary: AT&T and Verizon will declare bankruptcy within 12 months.

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