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News Breaks
January 17, 2014
14:06 EDTTMUS, VZEarnings Preview: Analyst sentiment positive on Verizon ahead of Q4 report
Verizon Communications (VZ) is expected to report fourth quarter earnings before the market open on Tuesday, January 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 65c on revenue of $31.03B, according to First Call. The consensus range for EPS is 61c-70c on revenue of $30.7B-$31.33B. LAST QUARTER: Verizon reported Q3 adjusted EPS of 77c against estimates for 74c on revenue of $30.28B against estimates for $30.16B. Verizon reported Q3 wireless retail customers increased 5.5% to 101.2M, with wireless retail postpaid churn of 0.97%. On the company’s Q3 earnings conference call, CFO Fran Shammo said he expected the business spending environment in Q4 to be similar to Q3. He added that in the short-term, he thought wireless growth could continue at an 8% pace, but over the long-term that was, "probably a high aspiration.” On November 12 at the Wells Fargo Technology, Media & Telecom Conference, Shammo said the company was “right on target” to close the Verizon Wireless deal sometime in Q1. On January 6, T-Mobile (TMUS) agreed to acquire 700 MHz A-Block spectrum licenses from Verizon Wireless for $2.365B, and transfer certain AWS and PCS spectrum licenses. STREET RESEARCH: Street research has been positive in the weeks leading up to Verizon's Q4 earnings report. On October 18, Deutsche Bank upgraded Verizon to a Buy from Hold citing wireless operating momentum and valuation. Deutsche raised its price target on shares to $56 from $49. On December 16, Macquarie upgraded Verizon to Outperform from Neutral. On December 19, Verizon was assumed with a Buy at Jefferies. PRICE ACTION: Verizon shares are trading modestly lower versus three months ago, but are higher by approximately 15% over the past twelve months. In afternoon trading ahead of Tuesday's earnings report, Verizon’s shares are flat.
News For VZ;TMUS From The Last 14 Days
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November 30, 2015
07:03 EDTVZVerizon management to meet with Canaccord
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November 25, 2015
09:05 EDTTMUST-Mobile offers extra $200 to customers switching from Sprint
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November 20, 2015
10:17 EDTTMUSHigh option volume stocks
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November 18, 2015
11:33 EDTTMUS, VZSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.
November 17, 2015
09:20 EDTTMUST-Mobile shares attractive, likley to be acquired, says Cowen
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