Verizon Entering 11 New Markets, Shares Up 0.5%
Starting Thursday, Verizon (NYSE:VZ) will be expanding to 11 new markets across the country — a move to continue leading the battle against Sprint (NYSE:S) and AT&T (NYSE:T). The new markets are Dover, Del.; Lafayette, Ind.; Fitchburg/Leominster, Mass.; Duluth, Rochester and St. Cloud, Minn.; Manchester/Nashua, N.H.; Poughkeepsie, N.Y.; Findlay/Tiffin and Youngstown/Warren, Ohio; and Indiana, Pa.
Verizon will also provide more coverage to seven existing LTE markets. Those markets are San Diego and San Francisco, Ca.; Washington, D.C.; Savannah, Ga.; Chicago, Ill.; and Baltimore and Hagerstown, Md.
Verizon CTO David Small said, “In one year and 10 days, we have brought 4G LTE to more than 200 million people. That’s more than twice as fast as our 3G network rollout.”
Here’s how Verizon shares are trading on the news:
Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $38.36, up $0.1, or 0.26%. They have traded in a 52-week range of $25.99 to $38.95. Volume today was 3,081,819 shares versus a 3-month average volume of 15,994,600 shares. The company’s trailing P/E is 15.42, while trailing earnings are $2.49 per share. Get the most recent company news and stock data here >>