Verizon Communications Inc. (VZ). Buy. Verizon’s partner, Vodafone ( VOD), is mulling over its ownership in the joint Verizon Wireless ownership. Verizon Communications owns 55% of the division. Vodafone is unlikely to sell the unit, since Verizon Wireless contributes to more than half of Vodafone’s operating profit. Vodafone shares trade at near a 52-week low, and pays a dividend that yields 4.10%.
Written by Kapitall Contributor Chris Lau