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.
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