Report
Petra Vacval
EUR 100.00 For Business Accounts Only

Relaunching Coverage of Verizon With a Narrow Economic Moat, Stable Moat Trend, and FVE of $48

We are relaunching coverage of Verizon with a fair value estimate of $48 as well as narrow moat and stable moat trend ratings. While Verizon remains the leader in the U.S. wireless market, we believe that its duopoly with AT&T is being undermined at the margin by T-Mobile and Sprint. Disruptive actions by these two smaller rivals, such as offering unlimited data plans, threaten to make overall industry economics less attractive and conflict with Verizon’s core strategy of leading with networ...
Underlying
Verizon Communications Inc.

Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Petra Vacval

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