Verizon Communications Inc (NYSE:VZ): investor’s best friend

400

By Erik Waters on October 13, 2014 Economy

When asked about the stock that is always a safe bet for a market sell-off, many will have similar answer: Verizon. With about 5 percent total yield, balance sheets that are hardcore and in subtle words simple beautiful to the eye and an appeal to every other citizen in US- Verizon Communications Inc. (NYSE:VZ) leaves little room for scrutiny or negative publicity.

Verizon Communications Inc (NYSE:VZ) and AT&T INC (NYSE:T) are the top contenders in the wireless sector. Verizon Communications Inc (NYSE:VZ) bought 45 percent share of Vodaphone’s Wireless service for 130 billion dollars. That made Verizon Communications Inc (NYSE:VZ) the top wireless subscriber in the country. Below Verizon Communications Inc (NYSE:VZ)are companies like Sprint and T-Mobile which are nowhere near the hold exerted by Verizon Communications Inc (NYSE:VZ)on the wireless market.

Verizon Communications Inc (NYSE:VZ)and AT&T INC (NYSE:T) run a monopoly based on an alliance which helps them get customers and keep them for the long run, through introducing big gadgets like iPhone 6.

Verizon’s wireline business, although slowly fading away, is still profitable. It made 9.5 billion dollars out of the 31 billion earnings from the second quarter remunerations. Wireline is Verizon’s ticket to get its fiber for the home products into the market. However, this business of Verizon Communications Inc (NYSE:VZ) competes with large cable and satellite providers, which have millions of subscribers.

Verizon Communications Inc (NYSE:VZ) has made a profit of 4.3 billion dollars atop its 31.5 billion sales in the second quarter. The iPhone 6 sales have also worked in their favour. Verizon Communications Inc (NYSE:VZ) gained 6 billion in cash and short investments and another 14.8 billion dollars from different operations. That is enough to ensure an investor that its dividend is a safe bet.

In addition, Verizon Communications Inc (NYSE:VZ) shares are easy to buy and sell. That is the best thing about it. May it be the brokers, the investors, the employees or the customers- Verizon Communications Inc (NYSE:VZ) keeps everyone happy. If this continues, Verizon Communications Inc (NYSE:VZ) will become a safe haven for investors. The cash flow keeps it steady on the stock market, and like a rising tide, its value keeps getting higher and higher.

In other news, Verizon Communications Inc (NYSE:VZ) has also launched a statewide wireless phone drive to collect 3000 phones that are no longer in use. With such brilliant tactics to raise the bar for the wireless market, Verizon Communications Inc (NYSE:VZ)is not only etching its name as a company that promises great future prospects, it is also establishing itself as a firm that holds great promise for wireless technology.

In the end, it’s a battle between Verizon Communications Inc (NYSE:VZ) and AT&T INC (NYSE:T). Both hold a monopoly but both are fierce competitors. And in wireless business market, there is never a sure shot position; rankings are always tumbling down. However, it can be said with a lot of confidence that Verizon Communications Inc (NYSE:VZ) promises to be the hottest stock on the market.