Analysts Consider Implications of Verizon's (VZ) Spectrum Sale, Sentiment Seems Mixed (CLWR) (S) (CMCSA)
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Price: $52.17 +0.19%
Rating Summary:
14 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Rating Summary:
14 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Trade VZ Now!
Several analysts are out with comments on Verizon (NYSE: VZ) following news of an open sale for all of its 700-MHz A and B spectrum licenses. Verizon shares are down about 0.3 percent to $37.62 heading into the last hour or two of Wednesday's session.
An Oppenheimer analyst said the news should be negative for Sprint (NYSE: S), MetroPCS (NYSE: PCS) and T-Mobile over the near term. Elsewhere, a Bernstein analyst said the development should be positive for T-Mobile, Comcast (Nasdaq: CMCSA) and Time Warner Cable (NYSE: TWC) and a negative for Clearwire (Nasdaq: CLWR), Sprint and Dish Network (Nasdaq: DISH).
The mixed analyst sentiment seems to mirror some investor confusion on the news Wednesday. Clearwire shares, as an example, plunged as much as 20 percent earlier, but have now bounced and are down about 9 percent.
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An Oppenheimer analyst said the news should be negative for Sprint (NYSE: S), MetroPCS (NYSE: PCS) and T-Mobile over the near term. Elsewhere, a Bernstein analyst said the development should be positive for T-Mobile, Comcast (Nasdaq: CMCSA) and Time Warner Cable (NYSE: TWC) and a negative for Clearwire (Nasdaq: CLWR), Sprint and Dish Network (Nasdaq: DISH).
The mixed analyst sentiment seems to mirror some investor confusion on the news Wednesday. Clearwire shares, as an example, plunged as much as 20 percent earlier, but have now bounced and are down about 9 percent.
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thank you
bill on Apr 18, 2012 02:34 PMMark as Spam | Reply to this comment
thanks to all the uneducated fools that sold, bought another 5k shares at 1.60.