What's Going On With Verizon Shares

Verizon Communications Inc. VZ shares are trading lower on recent concerns over lead-sheathed cables, which has weighed on some telecom stocks.

According to a recent report by the Wall Street Journal, a number of prominent telecommunications companies possess underground cable networks that contain hazardous lead substances. Over time, as the lead deteriorates, it presents a significant environmental risk.

The report also reveals that a considerable quantity of over 2,000 cables has yet to be attended to by the telecommunications firms, raising concerns regarding their potential impact on the environment.

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According to data from Benzinga Pro, VZ has a 52-week high of $51.17 and a 52-week low of $32.27.