Verizon signs first private 5G deal in Europe

  • Verizon Communications (NYSE:VZ) signs a deal with Associated British Ports to deploy 5G at the Port of Southampton, marking Verizon Communications 's first European private 5G deal.
  • ABP operates 21 ports including Southampton, the UK's busiest port.
  • The network will be deployed in conjunction with Nokia (NYSE:NOK) and Southampton will be the first UK mainland port with a private 5G network.
  • 'Businesses such as ABP, are coming under more pressure to evolve their services at tremendous speeds in order to take advantage of new commercial opportunities. Along with Nokia , we have been able to equip ABP to take advantage of the immediate benefits private 5G offers, and most importantly prepare the Port of Southampton to take full advantage of new technology applications and real-time analytics which will digitally transform its services in the future," says Verizon Communications Business CEO Tami Erwin.

    For this year Verizon Communications Communications's revenue will be around 133.07 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 128.29 billion USD.

    Historical revenues and results Verizon Communications Communications plus estimates 2020


    The analysts expect for 2021 a net profit of 21.06 billion USD. For this year the consensus of the result per share is a profit of 5.08 USD. The price/earnings-ratio is then 11.59.

    Huge dividend Verizon Communications Communications

    For this year the analysts expect a dividend of 2.53 USD per share. Verizon Communications Communications's dividend yield thus equals 4.3 percent. The average dividend yield of the telecommunications companies is a good 3.47 percent.

    Most recent target prices around 61 USD

    JP Morgan, Goldman Sachs and UBS recently provided recommendations for the stock.

    Verizon Communications Communications's market capitalization is based on the number of outstanding shares around 243.48 billion USD. The Verizon Communications Communications stock was the past 12 months quite volatile. Since last April the stock is 8 percent higher. This year the stock price moved between 53 and 62 dollar.

    Historical stock prices Verizon Communications Communications2007-2021

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    On Monday the stock closed at 58.87 USD. Nieuwsdienst: +31 084-0032-842

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