- KeyBanc Analyst Brandon Nispel the sector weighting stayed the same Verizon Communications Inc vz.
- The analyst saw the following negative trends Fourth quarter 22 results and guidance for 2023.
- Nispel struggled to find noteworthy aspects of the 2023 guidelines.
- Also read: AT&T Records 1.1M Postpaid Net Adds in Q4, Claims $25B Goodwill Impairment Charge
- The analyst highlighted a flat EBITDA growth outlook despite consecutive years of record-high capital expenditures, a competitively challenged wireless segment and a long-term challenged wireline segment, persistently high financial leverage, with low growth, minimal post-dividend FCF to achieve the debt slowly gone .
- Despite the Tracfone Acquisition VZ gained only 41,000 postpaid phone customers and lost 175,000 prepaid customers.
- According to the analyst, Verizon Consumer Group is challenged as VZ lost its claim to network supremacy T-Mobile US, Inc TMUS, who is also the value provider, which prevents VZ from gaining subscribers or accepting the prize. While VZ claims otherwise, it hasn’t been able to prove it to investors with results, the analyst said.
- Price promotion: VZ shares traded lower 0.62% at $40.17 on Wednesday’s last check.
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