Home / Feature / Verizon Communications (VZ) Forcing Some Of Its Unlimited Data Users To Switch To Limited Plans- Telefonica (NYSE:TEF)

Verizon Communications (VZ) Forcing Some Of Its Unlimited Data Users To Switch To Limited Plans- Telefonica (NYSE:TEF)

Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] pretends to be active mover, stock dropped around -0.28% to traded at $52.61. Verizon (VZ) declared that it is forcing some of its unlimited data users to switch to limited plans or switch to another cell phone provider to curb their data usage. After letting consumers know late last year that they would not be able to keep their plans if they used “an extraordinary amount of data,” Verizon notified employees last week that 200 GB was the cutoff, and consumers who used that much data would need to switch off the unlimited plan or leave Verizon entirely by Feb. 16, according to Droid Life.

Consumers who don’t choose one of the options will be disconnected, but only a small number of consumers will be affected, the company said, according to Droid Life. Verizon has not offered unlimited data plans to new consumers since 2011, and those upgrading their phones couldn’t get unlimited plans after 2012. Less than one percent of Verizon consumers still have unlimited data plans, and most of them don’t use 200 GB or more each month, according to PC Magazine.

The liquidity measure in recent quarter results of the company was recorded 0.80 as current ratio, on the other side the debt to equity ratio was 5.21, and long-term debt to equity ratio remained 5.21. The Company has gross margin of 59.50% and profit margin was positive 11.00% in trailing twelve months. (Read Latest [Free Analytic] Facts on NYSE:VZ and Be Updated)

To accommodate long-term intention, the firm has diverse dividend or yield record, VZ has Dividend Yield of 4.38% and experts calculate Return on Investment of 18.40%. The firm has Profit Margin of positive 11.00%.

Wednesday bloom on Telefonica, S.A. (NYSE:TEF) [Trend Analysis], stock eased down around -0.73% in early session as its gaining volume of 248748.

The stock showed weekly upbeat performance of 3.43%, which maintained for the month at 10.55%. Similarly, the positive performance for the quarter recorded as 3.49% and for the year was 1.99%, while the YTD performance remained at 4.78%. TEF has Average True Range for 14 days of 0.13.

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About Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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