[ad_1]
-
key bank Analyst Brandon Nispel maintained his sector weights. Verizon Communications K.K. (NYSE: VZ).
-
Analysts saw a negative trend following Q4 2022 results and 2023 guidance.
-
Nispel struggled to find any appreciable aspects of the 2023 guidance.
-
Also Read: AT&T Posts 1.1 Million Deferred Net Additions in Fourth Quarter and Incurs $25 Billion Goodwill Impairment Charge
-
Despite back-to-back record capex years, competitive wireless segment, long-term difficult wireline segment, stubbornly high financial leverage, low growth and minimal post-dividend FCF, analysts say We emphasized our flat EBITDA growth outlook. Borrow slowly.
-
apart from Trafon After the acquisition, VZ gained 41,000 postpaid phone customers and lost 175,000 prepaid customers.
-
Analysts believe Verizon Consumer Group is being challenged as VZ loses its claim to network dominance. T-Mobile US, Inc (NASDAQ: TMUS) is also a value provider, so VZ cannot acquire subscribers or obtain prices. Analysts said VZ has made a different claim but failed to prove it to investors.
-
Price action: VZ shares drop 0.62%, $40.17 on Wednesday’s final check.
VZ Latest Rating
|
date |
Hard |
action |
from |
To |
|---|---|---|---|---|
|
January 2022 |
JP Morgan |
Downgrade |
Overweight |
neutral |
|
January 2022 |
Tigress Financial |
maintain |
buy |
|
|
December 2021 |
Daiwa Capital |
start coverage |
neutral |
See more analyst ratings for VZ
See the latest analyst ratings
Don’t miss real-time stock alerts – join Benzinga Pro for free! Explore tools that help you make smarter, faster and better investments.
This article originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
[ad_2]
Source link
