Mexicools
2022-10-25

$Verizon(VZ)$

Verizon: Shouldn't Be Priced As If Postpaid Phones Is Their Entire Business

◈Verizon reported Q3FY22 results that came in ahead of expectations and were paired with the announcement of a new cost savings initiative.

◈Headlines continue to highlight weak net postpaid phone additions, which continues to significantly lag those reported by AT&T.

◈While the metric is indeed weak, continued strength in their Business segment and their Broadband and Value markets provide an adequate counterbalance.

◈Continued penetration into their premium plans is also resulting in continued growth in average revenues per account.

◈At new 52-week lows with a dividend yield in excess of 7%, VZ remains one of the top risk/reward opportunities in the market today.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
33