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Stock impact report

KeyBanc Flags Verizon's (VZ) New Reporting Structure as Investor-Unfriendly [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Verizon Communications Inc. (NYSE: VZ ) is included among the 14 Quality Stocks with Highest Dividends KeyBanc Flags Verizon's (VZ) New Reporting Structure as Investor-Unfriendly Ken Wolter / Shutterstock.com On March 16, KeyBanc commented on Verizon Communications Inc. (NYSE:VZ)'s planned changes to its reporting structure, which will begin in Q1. The firm said the updated disclosures are practically useless for modeling purposes. It pointed to a lack of transparency and limited comparability, making it difficult to track how the turnaround is progressing. KeyBanc also said Verizon has “certainly ‘cherry-picked' a few good metrics while the company is hiding the bad metrics.” Overall, the firm views the changes as a negative and an investor-unfriendly move. In a CNBC report published on February 26, Wolfe Research noted that Verizon Communications had increased its dividend in September for the 19th consecutive year. Jonathan Kees of Daiwa Capital Markets said telecom compan Show less Read more
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