NEW YORK (TheStreet) -- Verizon Communications (VZ - Get Report) stock is retreating by 1.05% to $50.21 in late-afternoon trading on Tuesday, as the NFL attempts to charge the company more to add Thursday Night Football streaming rights to an existing deal, the New York Post reports.
As of now, Verizon has a $1 billion deal for exclusive rights to mobile streaming of NFL games on Sunday, Monday and Thursday.
However, the deal is scheduled to expire after next year's Super Bowl, and the NFL is hoping to persuade Verizon to pay more by offering Thursday Night Football streaming rights as well, sources told the New York Post.
"The [NFL] wants to tie [Thursday streaming rights] to an extension of Verizon's NFL sponsorship and its $1 billion exclusive lock on mobile," a source told the New York Post. However, Verizon isn't sold the price that the NFL is asking.
AT&T (T) and Yahoo! (YHOO) are expected to place bids on the Thursday night streaming rights as well, Bloomberg reported.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Verizon's strengths such as its compelling growth in net income, revenue growth, notable return on equity, expanding profit margins and solid stock price performance outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: VZ
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.VZ data by YCharts