Moody's Ratings affirms Verizon's Baa1 rating; outlook stable

Verizon Communications Inc.: Update to credit analysis following affirmation - Credit Opinion – 2024/05/06 – US$ 250.00 – ...Verizon Communications Inc. (Verizon) (Baa1 stable) benefits from a resilient business model, attractive profitability and leading market position as a provider of wireless communications services in the US. Measured by the total numbers of postpaid wireless subscribers and wireless service revenue, Verizon accounts for around 40% of the US wireless market, with AT&T Inc. (Baa2 stable) and T-Mobile USA, Inc. (Baa2 stable) accounting for the majority of the rest. After finishing 2023 with good operating momentum in wireless, we expect Verizon to maintain its market leadership, remain focused on execution, and maintain a disciplined approach between growth and profitability. As a result, for this year we project Verizon will grow total revenue by 1.5%, increase EBITDA by 3.5%, generate around $7.7 billion in free cash flow, and achieve a slightly lower financial leverage with total debt-to-EBITDA at 3.2x (inclusive of Moody's Adjustments) by year-end 2024 (see Exhibit 1). At the same time...

Verizon Communications Inc.: Key facts and statistics - 2023 - Issuer Profile – 2024/04/08 – US$ 200.00 – ...Verizon Communications Inc. (Verizon) is a provider of communications, technology, information and entertainment services to retail, corporate and government clients in the US and around the world. In 2023, Verizon reported total revenue of $134.0 billion. Formerly known as Bell Atlantic Corporation (Bell Atlantic), the company started doing business as Verizon in June 2000, following the merger of Bell Atlantic and GTE Corporation (GTE). Since July 2000, Verizon's shares have been listed on the New York Stock Exchange (ticker: VZ) and on the Nasdaq (ticker: VZ) since March 2010. As of 31 December 2023, the company's largest shareholder was The Vanguard Group, which owned 8.33% of its total share capital....

Verizon Communications Inc. - December 2023 (LTM): Peer Snapshot  - Peer Snapshot – 2024/03/13 – US$ 750.00 – Peer Snapshot: Verizon Communications Inc. - December 2023 (LTM) 13 March 2024 (in US millions) FYE Dec-21 FYE Dec-22 LTM Dec-23 FYE Dec-21 FYE Dec-22 LTM Dec-23 FYE Dec-21 FYE Dec-22 LTM Dec-23 Revenue $133,613 $136,835 $133,974 $80,118...

Verizon Communications Inc.: Verizon's Q4 operating results and forward guidance are credit positive - Issuer Comment – 2024/01/24 – US$ 200.00 – ...All ratios are based on Moody's-adjusted financial data Sources: Verizon and Moody's Investors Service...

Verizon Communications Inc. - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/11/21 – US$ 750.00 – Peer Snapshot: Verizon Communications Inc. - September 2023 (LTM) 21 November 2023 (in US millions) FYE Dec-21 FYE Dec-22 LTM Sep-23 FYE Dec-21 FYE Dec-22 LTM Sep-23 FYE Dec-21 FYE Dec-22 LTM Sep-23 Revenue $133,613 $136,835 $134,095...

Verizon Communications Inc. - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/29 – US$ 750.00 – Peer Snapshot: Verizon Communications Inc. - June 2023 (LTM) 29 August 2023 (in US millions) FYE Dec-21 FYE Dec-22 LTM Jun-23 FYE Dec-21 FYE Dec-22 LTM Jun-23 FYE Dec-21 FYE Dec-22 LTM Jun-23 Revenues $133,613 $136,835 $135,000 $80,118...