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The Latest Breaking News from Verizon Communications Inc

Apollo Looks To Merge Yahoo Sports With Betting Companies

Apollo Global Management Inc (NYSE:APO) is discussing with sports betting companies to merge their assets with Yahoo Sports, CNBC reports. Apollo acquired Yahoo from Verizon Communications Inc (NYSE:VZ) for $5 billion in 2021. Yahoo has spoken with is Australia-based Pointsbet Holdings Ltd (OTC:PBTHF), which has a market valuation of about $760 million. Apollo and Yahoo are considering merging…

Here's Why Verizon, BlackRock Collaborated

Here's Why Verizon, BlackRock Collaborated

Verizon Communications Inc (NYSE:VZ) looks to build a private 5G network for BlackRock Inc at its new Hudson Yards headquarters, juicing up rivalry with AT&T Inc (NYSE:T) and T-Mobile US Inc (NASDAQ:TMUS). Verizon said that the new 5G wireless technology could replace Wi-Fi and give BlackRock the ability to use applications like virtual reality and edge computing that require…

Analysts Remain Divided On Verizon Post Q4 Results

Analysts Remain Divided On Verizon Post Q4 Results

Analysts had mixed views on Verizon Communications Inc (NYSE:VZ) post Q4 earnings. Deutsche Bank analyst Bryan Kraft raised the price target on Verizon to $59 from $57 (15% upside) and reiterated a Hold rating on the shares. The analyst sees about 8% upside in the stock over the next 12 months, with the target increasing…

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Verizon Q4 Earnings Beat Consensus; Sees FY22 EPS Above Expectations

Verizon Communications Inc (NYSE:VZ) reported a fourth-quarter FY21 sales decline of 1.8% year-on-year, to $34.1 billion, beating the consensus of $33.9 billion. Adjusted EPS of $1.31 beat the consensus of $1.29. Total Verizon Consumer revenue grew 7.4% Y/Y to $25.7 billion, driven by strong demand for its higher-tier premium mobility and broadband offerings.…

Here's Why Tigress Financial Remains Bullish On Verizon

Tigress Financial analyst Ivan Feinseth raised the price target on Verizon Communications Inc (NYSE:VZ) to $68 from $67 and reiterated a Buy rating on the shares. The price target implies an upside of 27%. The analyst believes accelerating momentum in wireless and broadband will drive further share price gains for the company. Verizon continues to…

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