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Verizon Communications Inc - Stock Quote VZ

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Morningstar's Verizon Communications Inc Stock Analysis

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While Growth May Slow in 2022, Verizon Should Deliver Consistent Results Over Time

Business Strategy and Outlook

| Michael Hodel, CFA |

Verizon is primarily focused on the wireless business, where it believes its networks provide multiple avenues for growth. The firm has taken steps to ensure it remains well positioned in the traditional wireless business, building fiber deeper into major metro areas, acquiring a huge chunk of spectrum in 2021, and ramping up spending to put that spectrum to use. While we expect only modest growth, we believe Verizon will deliver consistent results over the long term.

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Verizon Communications Inc's Company Profile

Business Description

Verizon is primarily a wireless business (nearly 80% of revenue and nearly all operating income). It serves about 93 million postpaid and 24 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services.

1095 Avenue of the Americas
New York, NY, 10036
T +1 212 395-1000
Industry Telecom Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 118,400

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