Despite the tough times in the domestic wireless sector, Verizon Communications (VZ) continued to deliver solid results. The numbers just aren't impressive enough to warrant a rush to new highs reinforcing a consistent tepid investment thesis at $60 and a 4% dividend yield. While the coronavirus outbreak isn't expected to impact long-term results, investors should quickly realize that increased usage by consumers is far more than offset by impacted customers and reflective of the general problem with 5G.
Image Source: Verizon website
Creeping Along
The wireless giant had a generally decent quarter with