NEW YORK, Feb 4, 2026, 20:00 (EST) — Market closed.
Shares of Verizon Communications Inc climbed 1.6% to $47.01 on Wednesday, marking their sixth day in a row of gains. Investors digested fresh legal developments tied to the ongoing U.S. wireless price and promotion skirmish. Trading volume was brisk, with roughly 46.1 million shares changing hands, according to MarketWatch data. (MarketWatch)
This shift is significant as Verizon’s shares have been inching up amid a steady stream of news, and telecom stocks often react sharply to subtle shifts in competitive dynamics. Once the focus moves from “subscriber momentum” to “courtroom and regulators,” it shows up clearly in the trading action.
In this market, customers frequently jump between carriers chasing perceived savings, while carriers pour money into halting that churn—the rate at which customers bail. Disagreements over “how much you save” hit that exact nerve.
Verizon Wireless took T-Mobile to Manhattan federal court Wednesday, accusing its biggest competitor of false advertising over claims that switching could save customers more than $1,000 annually. According to Verizon’s complaint, T-Mobile overstated those savings by over 100% in some cases and used comparisons that ignored Verizon’s bundling discounts. The complaint also noted the National Advertising Review Board, an industry self-regulatory group, had previously deemed similar T-Mobile claims unsubstantiated and misleading. Verizon wants triple damages under the Lanham Act, which covers false advertising and trademarks, plus an injunction to stop the ads. T-Mobile did not immediately respond. (Reuters)
After Verizon’s late-January update, analysts have started pushing price targets upward. This week, JPMorgan raised its target on Verizon to $49 from $47, pointing to solid fourth-quarter postpaid phone additions — that is, monthly bill-paying subscribers — and a more optimistic 2026 outlook, according to TheFly. (TipRanks)
On Jan. 30, Verizon projected adjusted earnings between $4.90 and $4.95 per share for 2026, alongside at least $21.5 billion in free cash flow—money remaining after operational and investment expenses. The company also unveiled a $25 billion share repurchase plan. CEO Dan Schulman emphasized to investors that Verizon would “no longer be a hunting ground for our competitors.” (Reuters)
Investors remain focused on cybersecurity and Washington’s scrutiny. Senator Maria Cantwell said Tuesday that AT&T and Verizon are blocking the release of network security assessments linked to “Salt Typhoon,” a suspected Chinese cyber-espionage campaign. She urged the Senate Commerce Committee to summon the CEOs of both companies to testify. Verizon declined to comment, Reuters reported. (Reuters)
Verizon’s rise coincided with gains from AT&T and T-Mobile on Wednesday, helping the telecom sector stay firm while the broader market diverged. (MarketWatch)
The lawsuit could drag on for months, with damages far from guaranteed. The more immediate threat for shareholders? Competition. Promotions might attract subscribers, but they risk squeezing margins if the market slips into a cycle of rebates and bundles.
Traders on Thursday will be watching closely for any moves from T-Mobile and whether the dispute triggers wider shifts in pricing or advertising. Interest rates will also draw attention, given their usual influence on high-dividend telecom stocks.
The Bureau of Labor Statistics has reshuffled its key data releases following the brief government shutdown. The January U.S. jobs report is now set for Wednesday, Feb. 11, while the January CPI will drop Friday, Feb. 13. Meanwhile, December’s JOLTS report lands Thursday, Feb. 5 — a number known to move Treasury yields and, in turn, defensive stocks like Verizon. (MarketWatch)
