Goldman Sachs has initiated coverage on multiple companies within the telecommunications services sector. The investment bank has issued a Buy rating for industry players, including AT&T (T), T-Mobile (TMUS), American Tower (AMT), and Verizon (VZ). The firm's positive outlook is based on three key factors: anticipated cyclical recovery in the sector, growth opportunities driven by artificial intelligence (AI), and market underestimation of these companies' potential. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Verizon reports Q2 earnings on July 22. Analysts have been looking for signs of a rebound in Verizon's consumer wireless business amid subscriber losses last year.
NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck & Co., Inc., to the Verizon Board of Directors, effective October 1, 2024. “Caroline is an accomplished leader who brings to Verizon significant financial, strategic planning and risk management expertise acquired during her 34-year career at Merck. She has deep experience in finance, busin