Verizon (VZ) Shares Mostly Unch as CFO Speech at Telecom Conference Offers Little Insight
Tweet Send to a FriendGet Alerts VZ Hot Sheet
Price: $50.05 -2.91%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.1%
EPS Growth %: +15.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.1%
EPS Growth %: +15.3%
Trade VZ Now!
Shares of Verizon (NYSE: VZ) are trading down just slightly in the pre-market hours of trading Monday as the company’s chief financial officer, Fran Shammo, is speaking at the Deutsche Bank Media and Telecom Conference.
Shammo noted Verizon will not be declaring any share buyback programs this year, but does anticipate one will come about by 2013.
Shammo calleed the company’s enterprise business stable, but said the unit is still in negotiations with the Union over cost reductions. Verzion will likely not be looking for any large M&A deals in the near future. Also, Shammo stated the Redbox joint venture with Coinstar Inc. (Nasdaq: CSTR) does not include wireless. Wireless spending is expected to be flat, compared to 2011.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Shammo noted Verizon will not be declaring any share buyback programs this year, but does anticipate one will come about by 2013.
Shammo calleed the company’s enterprise business stable, but said the unit is still in negotiations with the Union over cost reductions. Verzion will likely not be looking for any large M&A deals in the near future. Also, Shammo stated the Redbox joint venture with Coinstar Inc. (Nasdaq: CSTR) does not include wireless. Wireless spending is expected to be flat, compared to 2011.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Verizon Wireless Enhances 4G LTE Coverage in Brownville and Jackman, Maine
- Verizon Adds Machine-to-Machine Healthcare Companies to Its Partner Program
- Verizon Enlists Employees, Customers to Assist Victims of Colorado Wildfire
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Deutsche Bank, Stock Buyback
Login with Facebook
Sign 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!
