Verizon Communications Inc
VZ: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KLC | LOCK|QQ$>@ | LOCK|&?>ltp |
Verizon Earnings: Price Cuts Have Revived Customer Growth Without Igniting a Price War Thus Far
Verizon reported a 3.5% increase in service revenue during the second quarter. Excluding the benefit of the Frontier acquisition, service revenue was down about 1.7%. Wireless and fiber broadband growth improved, flipping to a small increase from a small decline last quarter.
