SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Verizon Communications (VZ)
VZ 44.79+0.2%3:16 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Ms. Baby Boomer1/29/2019 12:10:51 PM
   of 1851
 
Verizon (VZ) Gets a Hold Rating from
Oppenheimer...


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 TipRanks.com, 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....

smarteranalyst.com

M
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext