Verizon (VZ) Shares Mostly Unch as CFO Speech at Telecom Conference Offers Little Insight
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Price: $51.39 -0.96%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +15.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
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.
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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.
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