Is Verizon Communications a Buy?
Verizon Communications (NYSE: VZ) is the largest consumer wireless service provider in the United States. It also owns a wireline business, providing phone, internet, and video service to the home, as well as a digital media business called Oath, combining the assets of Yahoo! and AOL.
The vast majority of its revenue and earnings come from its wireless business, where it faces intense competition from T-Mobile (NASDAQ: TMUS), Sprint (NYSE: S), and AT&T (NYSE: T). As T-Mobile and Sprint make moves to win over customers, they have chipped away at the industry economics that have benefited Verizon and AT&T. That's leaving some investors wondering whether Verizon stock is a buy.
Image source: Verizon.
Source: Fool.com
