Verizon Communications . (NYSE:VZ) is touching new lows these days amid a tough competition from its competitors like T-Mobile and Sprint. The company is actively looking to ramp up its footprint in the telecom and content industry through acquisitions. It recently outbid every company to buy Straight Path. It’s still in a process to complete its blockbuster acquisition of Yahoo! .
In April, Verizon Communications ’s CEO said the company was ready to talk to Disney, Comcast or CBS for a deal. Pandora is also a tempting option for Verizon Communications . (NYSE:VZ), as it wants to expand its customer base to the profitable media streaming business. Analysts think that a healthy dividend of 5.1% is perhaps the only factor that is attractive in Verizon Communications stock. The company’s sales and profits are expected to be flat in 2018.
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