Previous Close | 20.97 |
Open | 20.96 |
Bid | 21.46 x 28000 |
Ask | 21.45 x 27000 |
Day's Range | 20.92 - 21.60 |
52 Week Range | 14.12 - 21.60 |
Volume | |
Avg. Volume | 34,272,788 |
Market Cap | 154.16B |
Beta (5Y Monthly) | 0.73 |
PE Ratio (TTM) | 12.36 |
EPS (TTM) | 1.74 |
Earnings Date | Oct 23, 2024 |
Forward Dividend & Yield | 1.11 (5.16%) |
Ex-Dividend Date | Jul 10, 2024 |
1y Target Est | 21.14 |
Continued expansion at Gigapower and new agreements with commercial open-access providers will deliver world-class broadband access to new service areas
Verizon Communications ’ deal to acquire Frontier Communications is a bet that combining wireless and wired networks will enhance its proposition for consumers and return the telecommunications giant to growth. In 2016, Verizon sold its wired operations in California, Texas, and Florida to Frontier for $10.5 billion. Verizon’s Fios fiber internet service is concentrated in Virginia and much of the Northeast.
There are a few reasons for investors not to like Verizon’s deal to buy Frontier. For one, Verizon is paying a 44% premium. KeyBanc analyst Brandon Nispel expects the deal to reduce earnings-per-share earnings by 2.5% and free cash flow per share by about 7.5%.