Verizon's stock downgraded due to competitive pressures

Verizon Communications, Inc. is facing increased competitive pressures, leading to a downgrade in its stock rating. The company has heavily invested in its wireless network, which has resulted in limited advantages over competitors. Analysts suggest that the situation for Verizon is worsening, prompting discussions about potential cashing out for investors. The company's aggressive spending may not yield the expected benefits in the current market environment.