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New York-based Verizon Communications Inc. (VZ) is involved in the global distribution of information, communications, and technology products to consumers, businesses, and governmental entities worldwide. With a market cap of $166.2 billion, the company is renowned for its top-notch network, offering reliable coverage and fast data connections.
Companies valued at $10 billion or more are generally considered “large-cap stocks,” and Verizon fits this bill perfectly. Its valuation above this mark is not surprising, considering it is one of the three dominant mobile phone carriers in the U.S.
