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VZ-VERIZON COMMUNICATIONS INC
Verizon Communications Reports Mixed Q3 Results Amid Strong Subscriber Growth and Promising Future Plans
Thursday
07 November, 2024
Verizon's Q3 results reveal a tale of strong subscriber growth alongside flat revenues, raising questions about its financial trajectory. With a solid dividend yield and a potential $20 billion acquisition on the horizon, can Verizon navigate the competitive landscape and deliver sustained value to investors?
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Key Takeaways
- Verizon experienced notable subscriber increases in Q3 2023, adding 349,000 retail postpaid and 389,000 broadband customers.
- The company offers a strong dividend yield of 6.5%, appealing to those seeking income stability.
- Analysts predict modest growth in wireless service revenue for 2024, with earnings expected between $4.50 and $4.70 per share.
- The proposed acquisition of Frontier Communications may improve Verizon's fiber services and cash flow, despite increasing debt.
- Challenges include flat revenue growth and heightened competition, which could impact long-term investor returns.
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