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Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company (after China Mobile) by revenue and its mobile network is the largest wireless carrier in the United States, with 114.8 million subscribers as of March 31, 2024.
Free cash flow for the first two quarters was $8.5 billion, which would presumably extend to $17 billion on a yearly basis. If current trends continue, $11 billion will go to the dividend. So even ...
Of that amount, $1.7 billion would go to Verizon Communications in cash and debt and approximately $1.015 billion would go to Verizon shareholders in FairPoint common stock. Verizon would hold no stock. After extensive federal and state regulatory review and approval, the purchase became effective March 31, 2008, for a price of $2.4 billion.
*Stock prices used were end-of-day prices of July 16, 2024. The video was published on July 17, 2024. Should you invest $1,000 in Verizon Communications right now?
For the second quarter, Verizon saw its revenue rise 0.6% to $32.8 billion, while its adjusted earnings per share (EPS) fell from $1.21 a year ago to $1.15. Its adjusted EPS came in line with ...
MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T. WorldCom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in 2002 after an accounting ...
On the valuation side, AT&T's stock is cheaper based on its price-to-earnings (P/E) ratio of 9.8, compared to Verizon's 14.6. Compared to the S&P 500's hefty 27.4 P/E ratio, though, both telecom ...
The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of July 22, 2024. Timothy Green has positions in AT&T. The ...