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Verizon’s stock surges after upbeat wireless metrics, as customer loyalty increased

“VZ, +2.65% surged 2.7% in afternoon trade Tuesday, after the telecommunications giant reported upbeat fourth-quarter wireless metrics as customer loyalty increased” writes Reporter Editor for marketwatch.com. Speaking at the Citi 2019 Global TMT West investor conference in Las Vegas, Ronan Dunne, executive vice president of Verizon Wireless, said Verizon Wireless retail postpaid net additions totaled 1.2 million and retail postpaid phone churn was 0.82% in the fourth quarter.The stock has climbed 5.9% over the past three months, while the Dow Jones Industrial Average DJIA, +0.97% has lost 10.3%.”In a highly competitive wireless market, our connections growth and churn rates signal that customers are attracted to our network superiority and reliability, as well as our unique product offerings,” Dunne said.
 
Source: marketwatch.com



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