UPDATE: Macquarie Downgrades Verizon Communications (VZ) to Underperform; Analyst Strongly Prefers AT&T (T)

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/11/2026

1. SKHY
2. USO
3. SPY
4. META
5. DAL
6. PEP
7. SKHYV
8. ALP
9. NVDA
10. NRIX

Go back to UPDATE: Macquarie Downgrades Verizon Communications (VZ) to Underperform; Analyst Strongly Prefers AT&T (T)

AOL (AOL) Deal a Sign of 'Desperation' for Verizon (VZ), Macquarie Says

May 12, 2015 10:51 AM EDT

Macquarie analyst Kevin Smithen weighed in on Verizon Communications (NYSE: VZ) after the company acquired AOL (NYSE: AOL) for $4.4 billion. The analyst said the move comes as Verizon arms for the video ad-tech battle versus Google and Facebook. He said the price tag was "hefty" and the deal shows signs of desperation for Verizon as its core wireless business comes under pressure... More