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MarketScreener Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS (VZ)
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Verizon Communications : Rides on Customer Loyalty and Subscriber Additions

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01/11/2019 | 09:30am EST

Verizon Communications Inc. VZ recently revealed that its Wireless division has recorded 1.2 million retail postpaid net additions in fourth-quarter 2018. Of the total, around 650,000 were phone net additions. Retail postpaid phone churn was 0.82% in the said quarter, highlighting the telco behemoths growing customer loyalty.

Verizon is believed to have stepped into 2019 with significant momentum and expects solid traction in its wireless business to optimize growth opportunities in the upcoming 5G era while thwarting competition with innovative products and services. Notably, in 2018, the company launched the worlds first commercial 5G service Verizon 5G Home in parts of Houston, Indianapolis, Los Angeles and Sacramento to give customers the first taste of commercial 5G network.

Verizon also boasts the latest 4G LTE Advanced technologies, offering faster peak data speeds and capacity for subscribers, driven by customer-focused planning and strategic investments. The companys subscriber growth and churn rates improvements indicate that customers are increasingly joining its network due to reliability and new product offerings.

Verizon believes that 5G has immense possibilities in store. Management remains bullish on the industry`s ability to grow revenues through greater penetration of smartphones and cloud computing as it remains confident that 2019 will bring more innovations and opportunities for its customers.

We will get a better picture of the state of operations once Verizon reports fourth-quarter and full-year 2018 results on Jan 29.

The companys shares have gained 12.9% on an average compared with 0.3% growth recorded by the industry in the past year.

(c) 2019 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 131 B
EBIT 2018 28 977 M
Net income 2018 18 059 M
Debt 2018 109 B
Yield 2018 4,11%
P/E ratio 2018 13,61
P/E ratio 2019 12,26
EV / Sales 2018 2,67x
EV / Sales 2019 2,59x
Capitalization 240 B
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 58,9 $
Spread / Average Target 1,4%
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Managers
NameTitle
Hans Erik Vestberg Chief Executive Officer & Director
Lowell C. McAdam Chairman
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Network Operations & Technology Officer
Nicola Palmer Head-Technology & Product Development
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