Verizon hit by prepaid subscriber exodus after internet subsidy ends

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RBC Capital Reiterates Sector Perform Rating on Verizon Communications (VZ)

July 23, 2024 6:08 AM EDT

RBC Capital analyst Kutgun Maral reiterated a Sector Perform rating and $42.00 price target on Verizon Communications (NYSE: VZ).

The analyst comments "2Q revenues and EBITDA were in line with consensus, while FCF delivered a beat on the timing of capex. However, postpaid... More