Pacific Crest Upgrades Verizon Communications (VZ) to Outperform
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October 19, 2012 10:56 AM EDT
In response to the companys Q3 earnings report, Jefferies reiterated a Buy rating on Verizon Communications (NYSE: VZ) and raised its price target to $52.00 (from $50.00).
Commenting on the company's future, analyst Thomas Seitz said "We believe, with its LTE advantage, wireless could materially... More
October 18, 2012 8:25 AM EDT
The largest wireless company in the U.S., Verizon Communications, Inc. (NYSE: VZ) released its third quarter results this morning. Though EPS missed Wall Street estimates by a penny, the report was mostly in line with estimates.
In the third quarter, Verizon had revenue of $20.91... More
October 18, 2012 6:57 AM EDT
Verizon Communications, Inc. (NYSE: VZ) reported Q3 EPS of $0.64, $0.01 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $29.01 billion versus the consensus estimate of $28.99 billion.
Wireless highlights:7.5 percent year-over-year increase in service revenues in 3Q 2012; 7.9 percent year-over-year increase in... More
