To the relief of many Verizon customers who had feared a football playoff blackout, Verizon and Disney in a joint statement on Sunday announced that both companies have reached a broad-based distribution agreement.
Verizon, as per its current contract with Disney, is responsible for the distribution of various Disney-owned channels such as ESPN and ABC stations - like New York City’s WABC to its ~4.6 million subscribers. But the company faced a December 31 deadline just in time for the renewal of the contract, failure to which would have deprived more than 4.5 million Fios TV customers -- especially the millions of football fans’ access to the big playoff games like college football games on New Year’s Day and one of the NFL wild-card playoff games.
Although the details of the agreement are yet to be disclosed, this last-minute deal has helped end a high-stakes dispute over programming fees that threatened to drop Disney’s programming from the Fios TV network.
The dispute became public only in the last week, when Disney began running ads warning Fios customers of the potential blackout. In reply, Verizon mailed its customers saying that Disney had rejected its offers as it wanted hundreds of millions of dollars more for its programming and asked Verizon to include ACC Network - a regional sports channel - in order to carry other Disney-owned channels.
The RSI Oscillator for VZ moved out of oversold territory on June 06, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 35 similar instances when the indicator left oversold territory. In of the 35 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 66 cases where VZ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VZ advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
VZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on VZ as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
VZ moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for VZ crossed bearishly below the 50-day moving average on May 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for VZ entered a downward trend on June 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.594) is normal, around the industry mean (5.771). P/E Ratio (6.859) is within average values for comparable stocks, (133.991). Projected Growth (PEG Ratio) (5.967) is also within normal values, averaging (9.853). Dividend Yield (0.074) settles around the average of (0.110) among similar stocks. P/S Ratio (1.089) is also within normal values, averaging (65.851).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. VZ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VZ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wired and wireless telecommunication services
A.I.dvisor indicates that over the last year, VZ has been loosely correlated with T. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if VZ jumps, then T could also see price increases.