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Verizon Historical Price: Is it a Good Idea to Buy Stocks from Verizon Wireless?

Updated on February 19, 2014

Verizon Wireless is the most popular mobile network provider in the United States. As a matter of fact, it is also the largest company of its kind with a massive Verizon stock price. As of now, the company serves 119.4 million people. Actually, Verizon Wireless is not a stand-alone company, but it is subsidized by Cellco Partnership. Founded in April 4, 2000, Verizon Wireless quickly captured the heart of the masses and steady climb to the top of the market. It is headquartered in Basking Ridge, New Jersey and has 2,330 locations across the country. In the 4th quarter of 2012, the company garnered $30.05 billion and had a net income of $1.59 billion in the third quarter of 2012, thereby improving its Verizon stock price. It has 85,000 employees as of 2011.

As an investor, people are thinking whether Verizon stock price can be a great place to start buying stocks. As VZ in the New York Stock Exchange, it has a very impressive run in the last few years of its business. Just early in September 2013, Verizon announced to acquire the Vodafone’s stake at a price of $130 billion which will take effect at the end of the first quarter of this year. This is great news for investors because the new development will give Verizon Wireless more freedom to expand on its Verizon stock price, sales, and market.

There are different competitors that an investor should consider as well. However, these competitors are not as close as to the success that Verizon stock price has achieved. As this might be the case, the competitors are still worth mentioning. These are AT&T Mobility, Sprint Corporation, and T-Mobile US.

It is worth noting that the success of Verizon Wireless lies on its ability to be almost everything for its customers as long as communication is concern. The company does not only cater citizens of the United States, but it currently operates in 150 countries worldwide. In addition to this, Verizon Wireless is the first company that has established over 90% of 4G LTE network in the US. Since this development, Verizon stock price quickly rose by 20% for the last six months. Aside from these, there is even brighter future that awaits its many investors.

Another reason that Verizon can be a top pick for investment is that the industry of communications is seen to expand by 5.2% annual growth rate. It is estimated that the industry will reach up to $1.455 trillion in total revenue by the year 2016, which will contribute to the improvement of Verizon stock price. This growth is primarily attributed to the entertainment media and subscription TV.

There are many analysts - both from the inside and outside of the company - saying that Verizon stock price will definitely be a good investment and those who plan to buy stocks should do so now to attain better return of investment in the future. One good indicator of the success of Verizon Wireless as a stock in the NYSE is the fact that the selling and buying decisions of fund managers are well calculated to bring the optimum profit.

When it comes to financial analysis, Verizon stock price made great strides compared to its competitors. AT&T made a revenue increase of 1.6% while Sprint had 0.005% of revenue increase. Now, compare that to the 7.5% revenue increase off Verizon. Furthermore, when you look at the earnings per share of the three leading companies, Verizon stock price trumps the competition with a 21% increase compared to -17% increase for Sprint and 7.6% increase for AT&T.

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