New York-based Verizon Communications Inc. (VZ) provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities. Valued at $172.8 billion by market cap, VZ is the largest telecommunications company in the U.S. that provides wire line voice, data services, wireless, and internet services.
Shares of this telecommunication giant have underperformed the broader market considerably over the past year. VZ has gained 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.7%. In 2024, VZ’s stock rose 9.4%, compared to SPX’s 21.2% rise on a YTD basis.
