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FBR Capital Remains Bullish on Verizon Communications (VZ) As Subscriber Results Ease Concerns
January 22, 2016 8:41 AM ESTFBR Capital maintained an Outperform rating and $54.00 price target on Verizon Communications (NYSE: VZ) following the company's 4Q earnings report. VZ delivered robust 4Q subscriber results, which helped ease investors' fears of subscriber loss due to aggressive pricing moves by TMUS; and S. Consolidated revenue of $34.3B was ahead of consensus of $34.1B, driven primarily by the inclusion of... More
