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Tag: Verizon Communications

  • 3 High-Yield Dividend Stocks Wall Street Still Trusts

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    In a market where growth stocks often steal the spotlight, reliable income still matters, especially during periods of uncertainty. High-yield dividend stocks with solid business models and steady cash flows continue to earn Wall Street’s confidence, offering investors a blend of income and stability.

    Here are three high-yield dividend stocks Wall Street still trusts to deliver dependable income, even when markets turn volatile.

    Valued at $170.7 billion, Verizon Communications (VZ) is one of the largest telecommunications companies in the United States, providing wireless, broadband, and enterprise connectivity services. The company’s core strength lies in its wireless business, which generates consistent, recurring revenue from millions of subscribers. This stability supports Verizon’s attractive dividend, making it a favorite among income-focused investors looking for consistency rather than quick growth.

    Verizon pays a high dividend yield of 6.8% and maintains a healthy payout ratio of 57.6%, which leaves room for dividend growth as well as business expansion. It also has been paying and increasing dividends for the past 20 years, backed by steady cash generation from essential communication services. Verizon expects to generate free cash flow between $19.5 billion and $20.5 billion for the full year; that should help it continue the payouts.

    Overall, Wall Street rates VZ stock as a “Moderate Buy.” Of the 28 analysts that cover the stock, eight rate it a “Strong Buy,” three recommend a “Moderate Buy,” and 17 suggest a “Hold.” Based on the average target price of $47.22, the stock has an upside potential of 16.6% from current levels. Its Street-high estimate of $58 further implies VZ stock can go as high as 43.3% in the next 12 months.

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    AT&T (T) remains a high-yield dividend stock that Wall Street continues to trust, thanks to its essential role in U.S. communications infrastructure. Valued at $177.1 billion, AT&T is one of the country’s largest telecom providers, delivering wireless, broadband, and enterprise connectivity services to millions of customers nationwide. AT&T’s wireless segment provides mobile voice and data services to consumers and businesses, generating steady, recurring revenue that allows it to pay consistent dividends.

    AT&T’s dividend yield is 4.5%, which is significantly higher than the communications sector average of 2.6%. Its healthy payout ratio of 50% is supported by consistent cash flows from critical communication services. The company intends to generate free cash flow in the low-to-mid $16 billion range for the full year 2025, leaving the door open for dividend increases.

    Overall, Wall Street rates AT&T stock as a “Moderate Buy.” Of the 28 analysts that cover the stock, 15 rate it a “Strong Buy,” three say it is a “Moderate Buy,” and 10 rate it a “Hold.” Based on the average target price of $29.68, the stock has an upside potential of 19.8% from current levels. Its Street-high estimate of $34 further implies the stock can go as high as 37.2% in the next 12 months.

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    www.barchart.com

    Altria Group (MO) is one of Wall Street’s most trusted high-yield dividend stocks, built on decades of steady cash generation and disciplined capital returns. Best known for owning the iconic Marlboro brand in the U.S., Altria dominates the domestic tobacco market and has long been a cornerstone holding for income-focused investors.

    Valued at $96.7 billion, Altria sells cigarettes and smokeless tobacco products, generating highly predictable revenue thanks to strong brand loyalty and pricing power. Even as cigarette volumes decline industry-wide, Altria has consistently offset this trend through regular price increases, protecting margins and cash flow. That resilience underpins one of the most reliable dividend profiles in the market. Altria’s high dividend yield of 7.4% is higher than the consumer staples average of 1.9%. Altria has earned the title of a Dividend King by increasing its dividend 60 times in the past 56 years, reassuring its status as one of the most reliable dividend profiles in the market.

    Overall, on Wall Street, Altria stock is a “Hold.” Of the 14 analysts covering the stock, four rate it a “Strong Buy,” eight rate it a “Hold,” one says it is a “Moderate Sell,” and one rates it a “Strong Sell.” Based on the average target price of $61.45, the stock has an upside potential of 6.6% from current levels. Its Street-high estimate of $72 further implies the stock can go as high as 25% in the next 12 months.

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    On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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  • Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

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    NEW YORK (AP) — It’s a tough time to be looking for a job.

    Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, sizable layoffs have continued to pile up — raising worker anxieties across sectors.

    Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or, as seen with big names like Amazon, are redirecting money to artificial intelligence.

    Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were cut by the thousands. And the record 43-day government shutdown also left many to work without paychecks.

    The impasse put key economic data on hold, too. In a delayed report released Thursday, the Labor Department said U.S. employers added a surprising 119,000 jobs in September. But unemployment rose to 4.4% — and other troubling details emerged, including revisions showing the economy actually lost 4,000 jobs in August. There’s also growing gender and racial disparities. The National Women’s Law Center notes women only accounted for 21,000 of September’s added jobs — and that Black women over the age of 20, in particular, saw unemployment climb to 7.5% for the month.

    The shutdown has left holes in more recent hiring numbers. The government says it won’t release a full jobs report for October.

    Here are some of the largest job cuts announced recently:

    Verizon

    In November, Verizon began laying off more than 13,000 employees. In a staff memo announcing the cuts, CEO Dan Schulman said that the telecommunications giant needed to simplify operations and “reorient” the entire company.

    General Motors

    General Motors moved to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio in late October, as the auto giant adjusts to slowing demand for electric vehicles. Hundreds of additional employees are reportedly slated for “temporary layoffs” at the start of next year.

    Paramount

    In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount plans to lay off about 2,000 employees — about 10% of its workforce. Paramount initiated roughly 1,000 of those layoffs in late October, according to a source familiar with the matter.

    In November, Paramount also announced plans to eliminate 1,600 positions as part of divestitures of Televisión Federal in Argentina and Chilevision in Chile. And the company said another 600 employees had chosen voluntary severance packages as part of a coming push to return to the office full-time.

    Amazon

    Amazon said last month that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spending on AI while trimming costs elsewhere. A letter to employees said most workers would be given 90 days to look for a new position internally.

    UPS

    United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts, which arrive amid wider shifts in the company’s shipping outputs. UPS also closed daily operations at 93 leased and owned buildings during the first nine months of this year.

    Target

    Target in October moved to eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally. The retailer said the cuts were part of wider streamlining efforts.

    Nestlé

    In mid-October, Nestlé said it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance amid headwinds like rising commodity costs and U.S. imposed tariffs. The Swiss food giant said the layoffs would take place over the next two years.

    Lufthansa Group

    In September, Lufthansa Group said it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial intelligence, digitalization and consolidating work among member airlines.

    Novo Nordisk

    Also in September, Danish pharmaceutical company Novo Nordisk said it would cut 9,000 jobs, about 11% of its workforce. The company — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring, as it works to sell more obesity and diabetes medications amid rising competition.

    ConocoPhillips

    Oil giant ConocoPhillips announced plans in September to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs. Between 2,600 and 3,250 workers were expected to be impacted, with most layoffs set to take place before the end of 2025.

    Intel

    Intel has moved to shed thousands of jobs — with the struggling chipmaker working to revive its business. In July, CEO Lip-Bu Tan said Intel expected to end the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the end of last year. The company previously announced a 15% workforce reduction.

    Microsoft

    In May, Microsoft began laying off about 6,000 workers across its workforce. And just months later, the tech giant said it would be cutting 9,000 positions — marking its biggest round of layoffs seen in more than two years. The company has cited “organizational changes,” but the labor reductions also arrive as the company spends heavily on AI.

    Procter & Gamble

    In June, Procter & Gamble said it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce. The maker of Tide detergent and Pampers diapers said the cuts were part of a wider restructuring — also arriving amid tariff pressures.

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  • Verizon is cutting more than 13,000 jobs as it works to ‘reorient’ entire company

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    NEW YORK (AP) — Verizon is laying off more than 13,000 employees in mass job reductions that arrive as the telecommunications giant says it must “reorient” its entire company.

    The job cuts began on Thursday, per to a staff memo from Verizon CEO Dan Schulman. In the letter, which was seen by The Associated Press, Schulman said Verizon’s current cost structure “limits” the company’s ability to invest — pointing particularly to customer experiences.

    “We must reorient our entire company around delivering for and delighting our customers,” Schulman wrote. He added that the company needed to simplify its operations “to address the complexity and friction that slow us down and frustrate our customers.”

    Verizon had nearly 100,000 full-time employees as of the end of last year, according to securities filings. A spokesperson confirmed that the layoffs announced Thursday account for about 20% of the company’s management workforce, which isn’t unionized.

    Verizon has faced rising competition in both the wireless phone and home internet space — particularly from AT&T, T-Mobile and other big market players. New leadership at the company has stressed the need to right the company’s direction.

    Schulman became CEO just last month. In the company’s most recent earnings, he stated that Verizon’s trajectory was at a “critical inflection point” — and said, rather than incremental changes, Verizon would “aggressively transform” its operations.

    For its third quarter of 2025, Verizon posted earnings of $4.95 billion and $33.82 billion in revenue. The carrier reported continued subscriber growth for its prepaid wireless services, but it lost a net 7,000 postpaid connections.

    News of coming layoffs at Verizon was reported last week by The Wall Street Journal. The outlet says that the 13,000 job cuts mark the largest-ever round of layoffs at the company.

    Beyond the cuts across Verizon’s workforce, Schulman said that the New York company would also “significantly reduce” its outsourced and other outside labor expenses.

    It’s a tough time for the job market overall — and Verizon isn’t the only company to announce sizeable workforce reductions recently. More and more layoffs have piled up at companies like Amazon, UPS, Nestlé and more.

    Some companies have pointed to rising operational costs spanning from U.S. President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or are redirecting money to artificial intelligence. Regardless, such cuts have raised worker anxieties across sectors.

    Schulman on Thursday recognized that “changes in technology and in the economy are impacting the workforce across all industries.” He said that Verizon had established a $20 million “Reskilling and Career Transition Fund” for workers departing the company.

    Shares of Verizon fell just over 1% by Thursday’s close.

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  • Meet the Suspicious 8: Dividends Over 6% With Plenty of Problems

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    Meet the Suspicious 8: Dividends Over 6% With Plenty of Problems

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  • Verizon Communications Inc. (NYSE:VZ) Shares Purchased by Bleakley Financial Group LLC

    Verizon Communications Inc. (NYSE:VZ) Shares Purchased by Bleakley Financial Group LLC

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    Bleakley Financial Group LLC grew its position in Verizon Communications Inc. (NYSE:VZFree Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,245 shares of the cell phone carrier’s stock after buying an additional 2,953 shares during the period. Bleakley Financial Group LLC’s holdings in Verizon Communications were worth $4,592,000 as of its most recent SEC filing.

    A number of other hedge funds and other institutional investors have also made changes to their positions in VZ. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Verizon Communications during the first quarter valued at about $25,000. Mizuho Securities Co. Ltd. acquired a new position in Verizon Communications during the second quarter worth approximately $32,000. MFA Wealth Advisors LLC purchased a new stake in Verizon Communications during the 2nd quarter worth about $33,000. Pittenger & Anderson Inc. raised its position in shares of Verizon Communications by 50.4% in the first quarter. Pittenger & Anderson Inc. now owns 883 shares of the cell phone carrier’s stock valued at $37,000 after buying an additional 296 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in Verizon Communications by 2,159.1% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 994 shares of the cell phone carrier’s stock valued at $42,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of brokerages recently weighed in on VZ. JPMorgan Chase & Co. decreased their price target on shares of Verizon Communications from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Citigroup upped their target price on shares of Verizon Communications from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group started coverage on shares of Verizon Communications in a research note on Monday, July 1st. They set a “buy” rating and a $50.00 price target on the stock. Bank of America upped their price objective on shares of Verizon Communications from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Scotiabank lifted their target price on Verizon Communications from $46.50 to $47.25 and gave the stock a “sector perform” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.31.

    Get Our Latest Report on Verizon Communications

    Verizon Communications Stock Up 0.3 %

    Shares of NYSE VZ opened at $43.99 on Friday. The firm’s 50-day simple moving average is $42.94 and its 200 day simple moving average is $41.29. The company has a market cap of $185.17 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. Verizon Communications Inc. has a 12-month low of $31.26 and a 12-month high of $45.36. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 1.29.

    Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings data on Monday, July 22nd. The cell phone carrier reported $1.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.15. Verizon Communications had a net margin of 8.38% and a return on equity of 20.10%. The firm had revenue of $32.80 billion during the quarter, compared to analysts’ expectations of $33.05 billion. During the same quarter in the previous year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts expect that Verizon Communications Inc. will post 4.58 earnings per share for the current fiscal year.

    Verizon Communications Increases Dividend

    The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.678 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.17%. This is an increase from Verizon Communications’s previous quarterly dividend of $0.67. Verizon Communications’s dividend payout ratio is 101.12%.

    About Verizon Communications

    (Free Report)

    Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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    Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

    Receive News & Ratings for Verizon Communications Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Verizon Communications and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Second Line Capital LLC Acquires 3,016 Shares of Verizon Communications Inc. (NYSE:VZ)

    Second Line Capital LLC Acquires 3,016 Shares of Verizon Communications Inc. (NYSE:VZ)

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    Second Line Capital LLC grew its holdings in Verizon Communications Inc. (NYSE:VZFree Report) by 44.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,811 shares of the cell phone carrier’s stock after acquiring an additional 3,016 shares during the period. Second Line Capital LLC’s holdings in Verizon Communications were worth $405,000 as of its most recent SEC filing.

    Several other hedge funds also recently modified their holdings of the business. Alliance Wealth Advisors LLC grew its holdings in shares of Verizon Communications by 1.4% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 17,760 shares of the cell phone carrier’s stock worth $732,000 after purchasing an additional 241 shares in the last quarter. Semmax Financial Advisors Inc. lifted its position in Verizon Communications by 0.4% in the second quarter. Semmax Financial Advisors Inc. now owns 54,926 shares of the cell phone carrier’s stock worth $2,240,000 after purchasing an additional 246 shares during the period. Sawgrass Asset Management LLC boosted its stake in Verizon Communications by 1.2% during the second quarter. Sawgrass Asset Management LLC now owns 21,568 shares of the cell phone carrier’s stock worth $889,000 after buying an additional 250 shares in the last quarter. Fermata Advisors LLC increased its holdings in Verizon Communications by 5.0% in the 2nd quarter. Fermata Advisors LLC now owns 5,383 shares of the cell phone carrier’s stock valued at $222,000 after buying an additional 254 shares during the period. Finally, BKM Wealth Management LLC raised its stake in shares of Verizon Communications by 7.4% in the 1st quarter. BKM Wealth Management LLC now owns 3,715 shares of the cell phone carrier’s stock valued at $156,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

    Verizon Communications Stock Performance

    Shares of Verizon Communications stock opened at $44.89 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.63 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $41.76 and a 200 day simple moving average of $40.95. Verizon Communications Inc. has a fifty-two week low of $30.14 and a fifty-two week high of $45.05. The firm has a market cap of $188.95 billion, a P/E ratio of 16.75, a P/E/G ratio of 4.03 and a beta of 0.42.

    Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Monday, July 22nd. The cell phone carrier reported $1.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.15. The company had revenue of $32.80 billion during the quarter, compared to the consensus estimate of $33.05 billion. Verizon Communications had a return on equity of 20.10% and a net margin of 8.38%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. Sell-side analysts predict that Verizon Communications Inc. will post 4.58 earnings per share for the current fiscal year.

    Verizon Communications Increases Dividend

    The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.678 per share. The ex-dividend date is Thursday, October 10th. This is a boost from Verizon Communications’s previous quarterly dividend of $0.67. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.04%. Verizon Communications’s payout ratio is 101.12%.

    Wall Street Analyst Weigh In

    A number of research firms recently weighed in on VZ. TD Cowen upped their target price on shares of Verizon Communications from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America upped their price objective on Verizon Communications from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup raised their target price on Verizon Communications from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group initiated coverage on Verizon Communications in a research report on Monday, July 1st. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Raymond James lifted their price objective on Verizon Communications from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average price target of $46.09.

    Read Our Latest Research Report on VZ

    Verizon Communications Company Profile

    (Free Report)

    Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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    Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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  • Verizon Mobile Customers Could Split $100 Million Settlement. Here’s How.

    Verizon Mobile Customers Could Split $100 Million Settlement. Here’s How.

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    Verizon mobile phone customers could share a proposed $100 million class action settlement over monthly fees that people suing the communications company claim were unfairly charged and improperly disclosed. But those who want to claim their share of that money need to act by April 15.

    Continue reading this article with a Barron’s subscription.

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  • AT&T and Verizon Stocks Are Out of Favor. That’s a Buying Opportunity, Citi Says.

    AT&T and Verizon Stocks Are Out of Favor. That’s a Buying Opportunity, Citi Says.

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    Investors have been down on


    AT&T


    and


    Verizon


    Communications stock this year amid fears over lead-cable contamination, wireless competition and slowing industry growth.

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  • Portable hotspots arrive in Maui to bring internet to residents and tourists | CNN Business

    Portable hotspots arrive in Maui to bring internet to residents and tourists | CNN Business

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    New York
    CNN
     — 

    Portable mobile hotspots have arrived in Maui to help bring internet service to the thousands of people who may have been unable to call for help since the wildfires started to rage out of control on the island.

    Verizon told CNN on Thursday its teams are currently deploying the first batch of satellite-based mobile hotspots at evacuation sites in areas of greatest need, particularly the west side of the island, west of Maalaea, Lahaina and Northern Kapalua.

    Verizon’s larger equipment, which is being barged over from Honolulu, is expected to arrive later in the day. This includes COLTs (Cells on Light Trucks) — a mobile site on wheels that connects to a carrier’s service via a satellite link — and a specialized satellite trailer used to provide service to a cell site that has a damaged fiber connection.

    “Our team is closely monitoring the situation on the ground and our network performance,” a Verizon spokesperson told CNN. “Verizon engineers on the island are working to restore service in impacted areas as quickly and safely as possible.”

    The company said it is working closely with the Hawaii Emergency Management Agency and the Maui County Emergency Operations Center to prioritize its network recovery.

    Other carriers continue to mobilize their efforts, too. An AT&T spokesperson said it is working with local public safety officials to deploy SatCOLTs (Satellite Cells on Light Trucks), drones with cell support and other solutions across the island, as equipment comes in from neighboring islands.

    Meanwhile, a T-Mobile spokesperson said its cell sites are “holding up well during the fires” but commercial power outages may be disrupting the service for some customers. “As soon as conditions allow, our priority is to deploy teams with portable generators that will bring temporary power back to our sites,” the spokesperson said.

    The Maui disaster has already wiped out power to at least 14,000 homes and businesses in the area, according to PowerOutage.us. Many cell towers have backup power generators but they have limited capacity to keep towers running.

    “911 is down. Cell service is down. Phone service is down,” Hawaii Lt. Gov. Sylvia Luke told CNN on Wednesday morning.

    Verizon, T-Mobile and AT&T said they are waiving call, text and data overage charges for Maui residents during this time.

    Although strong winds can sometimes threaten cell towers, most are strong enough to handle the worst that even a Category 5 hurricane can bring. Fire, however, complicates the issue.

    “When the fires get too close to cell sites, they will obviously burn equipment, antennas, and feedlines,” said Glenn O’Donnell, VP of research at market research firm Forrester. “In extreme cases, they will also weaken the towers, leading some to collapse. The smoke and flames can also attenuate [reduce the strength of] signals because of the particulate density in the air.”

    If a tower collapses, cell networks could take months to be restored. But if carriers are able and prepared to do restorations with mobile backup units, it could bring limited service back within hours, O’Donnell said. Wireless carriers often bring in COWs (Cells On Wheels), COLTs and GOaTs (Generator on a Trailer) in emergencies to provide backup service when cell towers go down.

    Cell towers have backup technology built in, but this is typically done through optical fiber cables or microwave (wireless) links, according to Dimitris Mavrakis, senior researcher at ABI Research. However, if something extraordinary happens, such as interaction with rampant fires, these links may experience “catastrophic failures and leave cells without a connection to the rest of the world.”

    And, in an emergency, a spike in call volume can overload the system — if people are able to get reception.

    “Even cells that have a good service may experience outages due to the sheer volume of communication happening at once,” Mavrakis said. “Everyone in these areas may be trying to contact relatives or the authorities at once, saturating the network and causing an outage. This is easier to correct, though, and network operators may put in place additional measures to render them operational quickly.”

    Although it’s unclear how long cell phone service could be down in affected regions, companies have been able to bring connectivity to disaster regions in the past. In 2017, Google worked with AT&T and T-Mobile to deploy its Project Loon balloons to deliver internet service to Puerto Rico in the aftermath of Hurricane Maria.

    Project Loon has since shut down.

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  • FCC to reintroduce rules protecting net neutrality | CNN Business

    FCC to reintroduce rules protecting net neutrality | CNN Business

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    CNN
     — 

    The US government aims to restore sweeping regulations for high-speed internet providers such as AT&T, Comcast and Verizon, reviving “net neutrality” rules for the broadband industry — and an ongoing debate about the internet’s future.

    The proposed rules from the Federal Communications Commission will designate internet service — both the wired kind found in homes and businesses as well as mobile data on cellphones — as “essential telecommunications” akin to traditional telephone services, said FCC Chairwoman Jessica Rosenworcel. The rules would ban internet service providers (ISPs) from blocking or slowing down access to websites and online content.

    In addition to the prohibitions on blocking and throttling internet traffic, the draft rules also seek to prevent ISPs from selectively speeding up service to favored websites or to those that agree to pay extra fees, Rosenworcel said, a move designed to prevent the emergence of “fast lanes” on the web that could give some websites a paid advantage over others.

    With Tuesday’s proposal, the FCC aims to restore Obama-era regulations that the FCC under Republican leadership rolled back during the Trump administration.

    But the proposal is likely to trigger strong pushback from internet providers who have spent years fighting earlier versions of the rules in court.

    Beyond their immediate impact to internet providers, the draft rules directly help US telecom regulators address a range of consumer issues in the longer run by allowing the FCC to bring its most powerful legal tools to bear, Rosenworcel said. Some of the priorities the FCC could address after the implementation of net neutrality rules include spam robotexts, internet outages, digital privacy and high-speed internet access, said Rosenworcel in a speech at the National Press Club Tuesday to announce the proposal.

    Rosenworcel said reclassifying internet service providers as essential telecommunications entities — by regulating them under Title II of the FCC’s congressional charter — would provide the FCC with clearer authority to adopt future rules governing everything from public safety to national security.

    Rosenworcel argued, “without reclassification, the FCC has limited authority to incorporate updated cybersecurity standards into our network policies.”

    She added that traditional telephone companies currently cannot sell customer data, but those restrictions do not apply to ISPs, which are regulated differently. “Does that really make sense? Do we want our broadband providers selling off where we go and what we do online?”

    Regulating internet providers using the most powerful tools at the FCC’s disposal would let the agency crack down harder on spam robotexts, Rosenworcel said, as spammers are “constantly evolving their techniques.”

    And the proposed rules could promote the Biden administration’s agenda to blanket the country in fast, affordable broadband, she argued, by granting internet providers the rights to put their equipment on telephone poles.

    “As a nation we are committed, post-pandemic, to building broadband for all,” she said. “So keep in mind that when you construct these facilities, utility poles are really important.”

    The FCC plans to vote Oct. 19 on whether to advance the draft rules by soliciting public feedback on them — a step that would precede the creation of any final rules.

    Net neutrality rules are more necessary than ever, Rosenworcel said in her speech, after millions of Americans discovered the vital importance of reliable internet access during the Covid-19 pandemic. Rosenworcel also made the case that a single, national standard on net neutrality could give businesses the certainty they need to speed up efforts to blanket the nation in fast, affordable broadband.

    But Rosenworcel’s push is already inviting a widespread revolt from internet providers that make up some of the most powerful and well-resourced groups in Washington.

    The proposal could also lead to more of what has helped make net neutrality a household term over the past decade: Late-night segments by comedians including John Oliver and Stephen Colbert; in-person demonstrations, including at the FCC’s headquarters and at the home of its chair; allegations of fake, AstroTurfed public comments and claims of cyberattacks; and even threats of violence.

    The latest net neutrality rulemaking reflects one of the most visible efforts of Rosenworcel’s chairwomanship — and one of her first undertakings since the US Senate this month confirmed Anna Gomez as the agency’s fifth commissioner, breaking a years-long 2-2 partisan deadlock at the FCC that had prevented hot-button initiatives from moving forward.

    The draft rules also show how a continued lack of federal legislation to establish a nationwide net neutrality standard has led to continued flip-flopping rules for ISPs with every change of political administration, along with a patchwork of state laws seeking to fill the gap.

    If approved next month, the FCC draft would be opened for public comment until approximately mid-December, followed by an opportunity for public replies lasting into January. A final set of rules could be voted on in the months following.

    For years, consumer advocacy groups have called for strong rules that could prevent ISPs from distorting the free flow of information on the internet using arbitrary or commercially motivated traffic rules.

    In contrast, ISPs have long argued that websites using up big portions of a network’s capacity, such as search engines or video streaming sites, should pay for the network demand their users generate. European Union officials are said to be considering just such a proposal.

    A third rail of broadband policy

    In attempting to revive the agency rules, the FCC is once again touching what has become the third rail of US broadband policy: Title II of the Communications Act of 1934, the law that gave the FCC its congressional mandate to regulate legacy telephone services.

    Tuesday’s proposal moves to regulate ISPs under Title II, which would give the FCC clearer authority to impose rules against blocking, throttling and paid prioritization of websites. The draft rules are substantially similar to the rules the FCC passed in 2015, the people said. The rules were upheld in 2016 by a federal appeals court in Washington in the face of an industry lawsuit.

    Soon after that ruling, however, Donald Trump won the White House, leading him to name Ajit Pai, then one of the FCC’s Republican commissioners, as its chair. Among Pai’s first acts as agency chief was to propose a rollback of the earlier net neutrality rules. The FCC voted in 2017 to reverse the rules, with Pai arguing that the repeal would accelerate private investment in broadband networks and free the industry from heavy-handed regulation. The repeal took effect in 2018.

    In the time since, ISPs have refrained from doing the kind of blocking and preferential treatment that net neutrality advocates have warned could occur, but Rosenworcel’s proposal highlights how concerns about that possibility have persisted.

    The Biden administration on Tuesday praised the FCC’s plan to reintroduce net neutrality rules for broadband providers.

    “President Biden supports net neutrality so that large corporations can’t pick and choose what content you can access online or charge you more for certain content,” said Hannah Garden-Monheit, special assistant to the president for economic policy. “Today’s announcement is a major step forward for American consumers and small businesses and demonstrates the importance of the president’s push to restore competition in our economy.”

    Net neutrality began as a bipartisan issue, with the George W. Bush administration issuing some of the earliest principles for an open internet that led to FCC attempts at concrete regulation in 2010 and again in 2015.

    The telecom and cable industries have long opposed the use of Title II to regulate broadband, arguing that it would be a form of government overreach, that telephone-style regulations are not suited for digital technologies, and that it would discourage private investment in broadband networks, hindering Americans’ ability to get online.

    “Treating broadband as a Title II utility is a dangerous and costly solution in search of a problem,” said USTelecom, a prominent industry trade group, in a statement Tuesday. “Congress must step in on this major question and end this game of regulatory ping-pong. The future of the open, vibrant internet we now enjoy hangs in the balance.”

    The reference to net neutrality as a “major question” offers clues about possible future litigation involving the proposal, as the Supreme Court has increasingly invoked the “major questions” doctrine to scrutinize federal agency initiatives.

    In her speech Tuesday, Rosenworcel acknowledged the coming pushback — as well as past incidents involving supporters of strong net neutrality rules.

    “I have every expectation that this process will get messy at times,” Rosenworcel said. “In the past, when this subject came up, we saw death threats against [former Republican FCC Chairman Ajit Pai] and his family. That is completely unacceptable, and I am grateful to law enforcement for bringing the individual behind these threats to justice. We had a fake bomb threat called in to disrupt a vote at the agency. We had protesters blocking [former Democratic FCC Chairman Tom Wheeler] in his driveway and keeping him from his car. We saw a dark effort to tear down a pro-net neutrality nominee for the agency.”

    Part of what made the FCC’s 2015 rules particularly controversial, however, was that classifying ISPs as Title II providers meant the agency could theoretically attempt to set prices for internet service directly, a prospect that ISPs widely feared but that the FCC in 2015 promised not to do.

    Tuesday’s proposal makes the same commitment, the people said, forbearing from 26 provisions of Title II and more than 700 other agency rules that could be seen as intrusive. The draft rules also prohibit the FCC from forcing ISPs to share their network infrastructure with other, competing internet providers, the people said, a concept known as network unbundling.

    On top of fierce industry pushback in the FCC’s comments process, the proposal could also lead to legal challenges against the FCC. While the 2015 net neutrality rules survived on appeal, suggesting the current FCC may be on firm ground to issue the current proposed rules, the draft comes as the Supreme Court has moved to reconsider the power of federal agencies by scrutinizing courts’ decades-long deference to their expert authority.

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  • F5, Logitech, Cadence Design, GE, GM, Microsoft, Alphabet, and More Stock Market Movers

    F5, Logitech, Cadence Design, GE, GM, Microsoft, Alphabet, and More Stock Market Movers

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  • Vicus Capital Reduces Position in Verizon Communications Inc. (NYSE:VZ)

    Vicus Capital Reduces Position in Verizon Communications Inc. (NYSE:VZ)

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    Vicus Capital lessened its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,097 shares of the cell phone carrier’s stock after selling 884 shares during the quarter. Vicus Capital’s holdings in Verizon Communications were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Several other institutional investors and hedge funds have also modified their holdings of VZ. SkyOak Wealth LLC raised its position in shares of Verizon Communications by 0.8% during the 1st quarter. SkyOak Wealth LLC now owns 116,563 shares of the cell phone carrier’s stock valued at $4,533,000 after purchasing an additional 939 shares during the period. Park Place Capital Corp raised its position in shares of Verizon Communications by 17.1% during the 1st quarter. Park Place Capital Corp now owns 52,337 shares of the cell phone carrier’s stock valued at $2,035,000 after purchasing an additional 7,628 shares during the period. Vaughan David Investments LLC IL raised its position in shares of Verizon Communications by 4.0% during the 1st quarter. Vaughan David Investments LLC IL now owns 826,859 shares of the cell phone carrier’s stock valued at $32,157,000 after purchasing an additional 31,881 shares during the period. Maple Capital Management Inc. increased its holdings in Verizon Communications by 4.1% in the 1st quarter. Maple Capital Management Inc. now owns 191,186 shares of the cell phone carrier’s stock valued at $7,435,000 after acquiring an additional 7,587 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC increased its holdings in Verizon Communications by 11.0% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 52,719 shares of the cell phone carrier’s stock valued at $2,050,000 after acquiring an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 61.83% of the company’s stock.

    Insider Activity

    In other news, EVP Joseph J. Russo sold 7,585 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $36.30, for a total value of $275,335.50. Following the completion of the sale, the executive vice president now owns 8,582 shares in the company, valued at approximately $311,526.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.02% of the company’s stock.

    Verizon Communications Price Performance

    Verizon Communications stock opened at $33.88 on Monday. The stock has a market cap of $142.43 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 2.07 and a beta of 0.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.75 and a quick ratio of 0.70. Verizon Communications Inc. has a 1 year low of $31.25 and a 1 year high of $46.50. The firm has a 50-day moving average of $35.54 and a two-hundred day moving average of $37.86.

    Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Tuesday, April 25th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $32.91 billion during the quarter, compared to analysts’ expectations of $33.64 billion. Verizon Communications had a net margin of 15.85% and a return on equity of 23.31%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, research analysts forecast that Verizon Communications Inc. will post 4.68 earnings per share for the current year.

    Verizon Communications Dividend Announcement

    The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be issued a $0.6525 dividend. The ex-dividend date is Friday, July 7th. This represents a $2.61 annualized dividend and a dividend yield of 7.70%. Verizon Communications’s dividend payout ratio is currently 50.78%.

    Analyst Ratings Changes

    A number of analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $44.00 price target on shares of Verizon Communications in a report on Tuesday, July 18th. Wells Fargo & Company dropped their price objective on shares of Verizon Communications from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday. Oppenheimer reissued an “outperform” rating and issued a $46.00 price objective on shares of Verizon Communications in a research note on Thursday, April 6th. HSBC dropped their price objective on shares of Verizon Communications from $42.50 to $39.00 in a research note on Monday, June 5th. Finally, Edward Jones cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Verizon Communications presently has a consensus rating of “Hold” and a consensus target price of $44.33.

    Verizon Communications Profile

    (Free Report)

    Verizon Communications Inc, through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

    See Also

    Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZFree Report).

    Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

    Receive News & Ratings for Verizon Communications Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Verizon Communications and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • AT&T, Verizon Investors Have More Than Lead Cables to Worry About

    AT&T, Verizon Investors Have More Than Lead Cables to Worry About

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    AT&T, Verizon Investors Have More Than Lead Cables to Worry About

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  • Are AT&T and Verizon’s Dividends Safe? What the Math Says.

    Are AT&T and Verizon’s Dividends Safe? What the Math Says.

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    Are AT&T and Verizon’s Dividends Safe? What the Math Says.

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  • AT&T Gets an Upgrade. Why Analysts Are Still Cautious.

    AT&T Gets an Upgrade. Why Analysts Are Still Cautious.

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    AT&T ‘Has Led the Way Down’ for Telecoms. Why the Stock Still Grabbed an Upgrade.

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  • 4 REITs to Consider–and 2 to Avoid

    4 REITs to Consider–and 2 to Avoid

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    Postpandemic Las Vegas is booming. Above, the Luxor Hotel and Casino.


    Photo by Ethan Miller/Getty Images

    Real estate investment trusts have had a tough couple of years, but opportunities abound—if you know where to look.

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