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Technology Stocks : Verizon Communications (VZ)
VZ 44.79+0.2%3:16 PM EDT

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From: Ms. Baby Boomer1/29/2019 12:10:51 PM
   of 1851
Verizon (VZ) Gets a Hold Rating from

In a report released today, Timothy Horan from Oppenheimer maintained a Hold rating on Verizon ( VZ). The company’s shares opened today at $53.62.

Horan observed:

“Verizon’s 4Q18 revenue of $34.3B came in in line with estimates but on 60 bps less EBITDA margin at $11.6B vs our $11.8B. The miss stemmed from higher opex in wireline. $1.12 matched our estimate and beat the Street’s $1.09E, but guidance is for a 2% or so decline this year. Wireless previously reported good phone-only metrics, with 653 phone-only net adds vs. 350 expected on churn of 0.82% vs. 0.76% expected. ARPUs were somewhat muted in the quarter, likely due to an increase in new customers on cheaper plans, though we believe that churn and ARPUs will benefit from bucketed unlimited plans, particularly as we enter the 5G era, as well as well-bundled plans.”

According to, Horan is a top 100 analyst with an average return of 14.7% and a 68.8% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $60.67 average price target....

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