Verizon Communications

(NYSE: VZ)
Communication Services  |  Diversified Telecommunication Services
57.13 0.04 0.07%
Stock Price | Feb. 24, 2021, 4 p.m.
0 Followers
Bid: 56.87
Ask: 57.54
Prev. Close: 57.09
52 Week Low: 48.84
52 Week High: 61.95
PE Ratio: 13.262791
Dividend Yield: 440.0%

Company Summary

Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.

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