With a market cap of $201.2 billion, Verizon Communications Inc. (VZ) is a leading global provider of communications, technology, and entertainment products and services through its Consumer and Business segments. Based in New York, the company offers wireless, broadband, and fiber-optic solutions, and has strengthened its position through strategic mergers, technological innovation, and service diversification.
Shares of the New York-based company have underperformed the broader market over the past 52 weeks. VZ stock has risen 12.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.3%. However, shares of the company are up 18.4% on a YTD basis, outpacing SPX’s 8.5% rise.
