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FUND Buy 04.08.2020 11:39

Verizon Communications Inc. (VZ/NYSE): general review

Verizon shares hit a new monthly high on August 3, reflecting a 3.2% uptrend since mid-July. At the moment, the emitter's quotes are traded at a discount of 3% to the April 5-month maximum. Earlier, the company reported for Q2 2020 with results above The Wall Street's expectations. Adjusted earnings per share fell by 4% YoY to USD 1.18, while revenue fell by 5.1% YoY to USD 29.9 billion.