Nomura Securities Maintains a 'Neutral' on Verizon Communications (VZ); Shared Data Plans...Nice, But Minimal Impact

June 13, 2012 8:43 AM EDT
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Nomura Securities maintains a 'Neutral' on Verizon Communications (NYSE: VZ) price target of $42.00.

Analyst, Mike McCormack, said, "The new shared plans raise the comparable entry-level smartphone price for individual subscribers, but lower the pricing for higher-end unlimited voice family plans. We expect the plans to have minimal impact to ARPU growth over the short term, but benefit the company substantially over the long term. We view this as a net positive for VZ and the industry. The plans align wireless revenue growth with long-term mobile data growth and connected device growth. It is likely that AT&T (NYSE: T) will soon follow with similar plans."

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 $42.94 yesterday.

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