Dakota Wealth Management lifted its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 101,876 shares of the cell phone carrier's stock after acquiring an additional 779 shares during the period. Verizon Communications makes up approximately 1.2% of Dakota Wealth Management's holdings, making the stock its 20th largest holding. Dakota Wealth Management's holdings in Verizon Communications were worth $5,478,000 as of its most recent SEC filing. Several other large investors also recently made changes to their positions in the stock. Dfpg Investments Inc. purchased a new position in Verizon Communications in the 4th
Chinese smartphone maker TCL on Thursday released the Alcatel Avalon V through Verizon Wireless. The phone is available at Verizon stores for $100 starting Thursday. "We're excited to officially introduce Alcatel-branded smartphones to Verizon Wireless customers for the first time," Eric Anderson, general manager for TCL, said in a release. The smartphone comes with a TCL-built 18:9 full-view display, durable Dragontrail glass and a suede finish to make the phone easier to hold. Google Assistant and Google Lens come preinstalled on the phone, and it's powered by a Qualcomm Snapdragon processor. Alcatel Avalon V is equipped with a 2460mAh battery, which TCL says can provide 18 hours of 4G LTE
How Verizon and AT&T Are Battling It Out This Month(Continued from Prior Part)Verizon rolls out a music bonus for loyal customers Amid tightening competition for customers in America’s mostly saturated wireless market, Verizon (VZ) is betting
Verizon Communications Inc. (NYSE:VZ) is one of the world's largest telecommunications companies. While the telecommunications sector transitions into the communication services sector, Verizon and rival AT&T (NYSE:T) remain two of the group's sleepier giants. This delayed start has held Verizon stock back.Source: Via FlickrVerizon is up 4.48% this year compared to a gain of 13.13% for the Dow and a 18.65% gain for the Communication Services Select Sector SPDR (NYSEARCA:XLC), a fund in which Verizon is a top 10 holding.There are avenues for Verizon to shed its laggard status and deliver more upside for investors. In terms of near-term catalysts, there is Verizon's first-quarter earnings report, slated for Tuesday, April 23. Analysts expect the company to earn $1.17 per share on revenue of $32.19 billion. In recent quarters, Verizon has delivered modest earnings surprises, slightly beating Wall Street estimates over the last four quarters.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Calling On 5GAnother possible catalyst is the 5G rollout. As you know, 5G is the next generation of wireless communication systems, which is a significant deal for the likes of AT&T and Verizon because about 90% of Americans have mobile phones."The U.S. carriers have begun to move to next-generation 5G wireless networks, which promise faster data speeds and lower latency than earlier technologies," reports Barron's. "Verizon already has a limited commercial network up and running in some areas of Chicago and Minneapolis and is planning to cover parts of another 15 cities later this year."The company's early push into 5G could payoff for VZ stock eventually, but there are still kinks that need to be ironed out, including coverage areas and upload speeds. Download and upload speeds are not be underestimated as important data points for Verizon. Mobile phone users increasingly rely on their phones for a variety of functions and with corporate customers representing significant parts of carriers' businesses, data speeds are crucial.According to Business Insider:"Fast speeds are important for consumers -- 81% identified a high-speed network as a must-have mobile offering, according to Business Insider Intelligence's Telecom Competitive Edge Report (enterprise only) -- and consumers could be unwilling to pay for 5G if it's not consistently better than the current 4G LTE offering" Verizon Versus AT&TFor better or worse, shares of AT&T and Verizon are often joined at the hip in the eyes of investors. That said, Verizon has a market value of almost $243 billion, about $9 billion ahead of its rival. Additionally, Verizon's debt burden is $110 billion, or about $60 billion less than AT&T's.Those data points aside, investors are clearly favoring AT&T this year. Shares of that company are outperforming Verizon by a roughly 3-to-1 margin since the start of 2019. For now, AT&T has the more diverse revenue streams than Verizon and that may well be one reason the former is outpacing the latter this year."This year, Verizon is expected to generate 71% of sales from wireless services. Wireless-related business will probably be about 40% of AT&T's revenue," according to Barron's. Bottom Line on Verizon StockVerizon stock remains a valid choice for conservative income investors. The shares yield 4.10%, more than double the yield on the S&P 500. Verizon stock currently pays a quarterly dividend of 60.25 cents a share, representing dividend growth of just over 20% since 2012. Over the past 15 years, Verizon stock's dividend has grown by about 50%.Still, investors should probably temper expectations that Verizon stock will suddenly start acting like a growth stock, a style that is very much in favor right now. Investors may be more apt to reward Verizon stock if 5G shows a material impact for the company's bottom line or if defensive, low volatility fare comes back into style.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post The Rise of 5G and Fading Headwinds Make Verizon Stock a Buy appeared first on InvestorPlace.
How Are the Top Telecom Stocks Positioned in April?Ratings and target priceAccording to analysts’ consensus, Verizon (VZ) has a target price of $59.54—compared to its current market price of $58.79—an estimated rise of 1.3% over the next 12
Verizon (VZ) is poised to witness solid traction from the impending 5G boom in Q1, and is likely to record higher year-over-year revenues from the Wireless segment.
It's early days in the 5G wireless networks build-out. What 5G stocks will get a boost? The top 5G stocks in which to invest include chipmakers, network gear and fiber-optics makers.
Hello! Welcome to the Advertising and Media Insider newsletter. If you got this newsletter forwarded, sign up for your own here. If you have tips or feedback, email me at email@example.com. This week we published our first list of 100 people transforming business, including 10 each from the worlds of advertising and media. The $221 billion US ad industry is being upended by the rise of digital ad giants, fragmented consumer attention, and marketers' pressure for results, while media industry is undergoing a grand convergence with tech giants, telecoms, startups and legacy companies competing to set the cultural agenda. These visionaries range from P&G's Marc Pritchard, who's pushing
Coty Inc. (the “Company” or “Coty”) (COTY) notes the extension of the tender offer (the “Offer”) by Cottage Holdco B.V. (“Offeror”), an affiliate of JAB Holding Company S.à r.l. The Company has been informed by Offeror that the expiration date of the Offer has been further extended by Offeror from 5:00 P.M., New York City Time, on April 15, 2019 to 5:00 P.M., New York City Time, on April 18, 2019, subject to the further extension or earlier termination of the Offer by Offeror. Offeror has also indicated that, as of 5:00 p.m., New York City Time, on April 15, 2019, the last business day prior to the announcement of the extension of the Offer, 207,464,427 Shares had been validly tendered pursuant to the Offer and not properly withdrawn.
Verizon appears to be incentivizing consumers to make purchases online rather than at one of its brick-and-mortar retail stores, as CNET reports that the mobile carrier is lowering activation and upgrade fees on its site and in its My Verizon app from $30 to $20 starting this Thursday. Alternatively, if you prefer a "full-service experience" at a Verizon store, you'll now have to pay $40 to activate a line or upgrade to a new device.CNET's report doesn't include many details about this new policy, and as The Verge points out, Verizon's fees often go up or down depending on a variety of factors, such as if you're on a prepaid or monthly plan, or if you're activating a new line or just upgrading to a new phone. Unless Verizon sends out a news release ahead of this purported price change, we'll have to wait until later this week to see how it will be implemented.Provided that you are willing to go through with the process of activating a line or upgrading to a new device on the Verizon website or on the My Verizon app, the price is actually lower at Verizon than at its competitors. AT&T charges $25 to bring a new phone over to its network (or $45 for a two-year plan, which only applies to certain phones), Sprint charges $30, and T-Mobile claims that it doesn't have an activation fee at all, but will still make you pay $25 for a SIM starter kit (which you will need to activate your phone on their network).So, while charging an addition $10 for a "full-service experience" at a brick-and-mortar store might be ludicrous, the price cut of the activation and upgrade fee for online customers is a welcome one.
Zoe Greszler Norwalk Reflector, Ohio NORWALK, Ohio — Verizon Wireless customers weren't able to access 9-1-1 for several hours Monday night and Tuesday morning. The Huron County Emergency Management Agency (EMA) issued a notice via Everbridge shortly before 6 p.m., letting local residents know the cellular company was “experiencing an issue with 9-1-1 calls.” “The calls are routing to the Huron County Sheriff 's Office,” the notification said. “If you need local response please call your local agencies ten-digit phone number for assistance. Verizon is currently working to resolve the issue.” Huron County 9-1-1 Coordinator Tacy Bond said she received a call at about 4:15 p.m. Monday alerting her
Verizon's Q1 Results Are Set for Next Week: What Analysts Expect(Continued from Prior Part)Verizon’s Fios video net additions The major driver of Verizon’s (VZ) Wireline segment is its Fios offering. Verizon’s Fios is a fiber-optic network
Vodafone has been forbidden from re-running an advert for its home broadband service after it was challenged by rival Virgin Media. The complaint centred on Vodafone's branding of a premium offering targeted at gamers and other heavy internet users as being Gigafast Broadband. Virgin Media said that term implied that its competitor was providing speeds of one gigabit per second. However, Vodafone's own ad recognised this was not typically the case. It stated that the maximum average speed available was 900 megabits per second. This was in line with rules introduced in May 2018 that restrict internet providers to only advertising download speeds that are available to at least 50% of their customers