Verizon Communications Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States under the Verizon Wireless brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern United States, over its 100% fiber-optic network under the Fios brand and via traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products.

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Nikola's stock falls after Deutsche Bank analyst talks bullishly but doesn't recommend buying

10:48 am ET July 16, 2020 (MarketWatch)

Shares of Nikola Corp. (NKLA) dropped 3.3% in morning trading Thursday, after Deutsche Bank analyst Emmanuel Rosner spoke positively about the battery- and hydrogen-electric truck maker, but didn't recommend investors buy at current prices. "Nikola offers investors a rare pure way to invest in zero-emission commercial trucks, whose adoption is poised to take off, driven by global regulations," Rosner wrote in a note to clients. "In particular, its fuel-cell solution which bundles electric truck, hydrogen fuel, and full service and maintenance in one contract priced at lower cost of ownership than traditional trucks, could be attractive to fleet operators, and generate solid revenue for Nikola and attractive returns throughout the life of the vehicles." However, Rosner started coverage of the stock with a hold rating and $54 price target, which was 1.1% below Wednesday's closing price of $54.58. The stock has lost 16% over the past month, but was still up fivefold (up 411.5%) year to date, while fellow electric truck maker Tesla Inc. shares (TSLA) have soared 52.2% the past month and 257.2% this year. The S&P 500 has gained 2.8% the past month and slipped 0.6% year to date.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

July 16, 2020 10:48 ET (14:48 GMT)

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