With a market cap of $182.6 billion, Verizon Communications Inc. (VZ) is a leading global provider of communications, technology, and entertainment products and services through its Consumer and Business segments. The company offers wireless, broadband, and fiber-optic solutions and has strengthened its position through strategic mergers, technological innovation, and service diversification.
Shares of the New York-based company have slightly outperformed the broader market over the past 52 weeks. VZ has risen 12.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12%. In addition, shares of VZ are up 9.5% on a YTD basis, outpacing SPX’s 3.5% decline.
