Nomura Securities Maintains a 'Neutral' on Verizon Communications (VZ); Q4 Review
Tweet
Share
E-mailGet Alerts VZ Hot Sheet
Price: $38.60 -4.67%
Rating Summary:
18 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Rating Summary:
18 Buy, 30 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Verizon Communications (NYSE: VZ) price target of $37.00.
Analyst, Mike McCormack, said, "On balance, Verizon delivered results that were slightly weaker than expected. We believe investors need to question both the utility of a $0.20 (8.5%) EPS range, as well as the margin assumptions needed to exceed even the low end, particularly when factoring in an iPhone refresh. We have lowered our 2012 EPS expectations to $2.42, which compares to the $2.40-$2.61 company-provided guidance. We continue to find valuation a hurdle. With the shares trading at ~20% premium to AT&T (NYSE: T), we believe that characteristics such as above-peer growth (on a reported basis) and network superiority are already discounted."
For an analyst ratings summary and ratings history on Verizon Communications click here. For more ratings news on Verizon Communications click here.
Shares of Verizon Communications closed at $37.79 yesterday.
Analyst, Mike McCormack, said, "On balance, Verizon delivered results that were slightly weaker than expected. We believe investors need to question both the utility of a $0.20 (8.5%) EPS range, as well as the margin assumptions needed to exceed even the low end, particularly when factoring in an iPhone refresh. We have lowered our 2012 EPS expectations to $2.42, which compares to the $2.40-$2.61 company-provided guidance. We continue to find valuation a hurdle. With the shares trading at ~20% premium to AT&T (NYSE: T), we believe that characteristics such as above-peer growth (on a reported basis) and network superiority are already discounted."
For an analyst ratings summary and ratings history on Verizon Communications click here. For more ratings news on Verizon Communications click here.
Shares of Verizon Communications closed at $37.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- TD Cowen Reiterates Hold Rating on Planet Fitness (PLNT)
- Argus on ASML Inc. (ASML): 'Remaining cautious on 2024'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
