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 (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Premarket

Last Trade
Delayed
$50.81
0.02 (0.04%)
Bid
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Market Hours

Closing Price
$50.79
Day's Change
0.00 (0.00%)
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Day's Low
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Volume
(Light)
Volume:
23,990

10-day average volume:
24,901,801
23,990

Ford's credit rating outlook swings to positive at S&P, putting it in line for a bump up to investment grade

9:59 am ET November 18, 2021 (MarketWatch)
Print

Shares of Ford Motor Co. (F) rose 1.4% in morning trading Thursday, after S&P Global Ratings swung to a positive outlook on the automaker's credit from a negative outlook, citing "positives" of ongoing cost-reduction programs, favorable product pricing and leaner inventories. S&P said the positive outlook indicates the "increased likelihood" that a rating upgrade could be considered within the next 12 to 18 months. Since Ford's credit is currently rated BB+, which is the highest speculative grade, or "junk" rating, an upgrade would lift the credit to investment-grade status. In comparison, rival General Motors Co.'s (GM) credit rating at S&P 500 is BBB, or two notches above "junk" status, with a negative outlook. He believes the positives could offset a large portion of raw material inflation risk. "Ford's management team has made strides in addressing core operating issues and recent significant investments toward electrification have adequately positioned it for the future," S&P said. Ford's stock has soared 129.2% year to date, while GM shares have run up 55.4% and the S&P 500 has gained 25.0%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 18, 2021 09:59 ET (14:59 GMT)

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