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0.000972880943694495 0.00024322023592358 0.00024322023592358 0.000364830353885457 -0.00328347318496894 -0.00182415176942729 0.0026754225951599 0.0031740240788033
Stock impact report

Wolfe downgrades AT&T amid a wait and see approach [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
The broker said churn and upgrade trends moved in the wrong direction this year, while average revenue per user (ARPU) outlooks for 2026 have softened, undermining a key pillar of the bullish telecom narrative. After what Wolfe described as a “bruising” second half of 2025, analysts led by Peter Supino said they see little reason for trends to reverse. Churn rose despite the normalization of equipment installment plan expirations, and upgrade rates rebounded after several years of decline. Those pressures have emerged just as service price increases since 2022 appear to be weighing more heavily on customer behavior. Looking ahead, Wolfe expects 2026 to be shaped by a potential competitive reset led by Verizon, higher spectrum-related costs, and the introduction of a foldable iPhone, which could reignite subsidy intensity. “We generally don't sensationalize mobile product cycles as relates to telecom upgrade risks, but the foldable iPhone stands to be the first significant iPh Show less Read more
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