Bernstein Research analyst Craig Moffett has boosted his rating on Verizon (NYSE: VZ) to "underperform" from "neutral" and boosted his price target on the stock to $27 from $25.
Moffett said both Verizon and rival AT&T (NYSE: T) have underperformed the market over the last year and Verizon now trades at a 13% discount to the broader market.
If Verizon were to get its hands on the iPhone, “subscriber growth would swing decisively from AT&T to Verizon," Moffett said.
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Key Points:
• With 308, or 61.6% of reports in, earnings season is going very strong. Median surprise 6.09%. Positive surprises beat disappointments by 2.25 ratio
• Earnings of reported firms up 54.25% year over year, remaining firms expected to show 17,739.5% increase, or 356.8% excluding AIG (AIG)
• Big reported earnings growth driven by Financials moving from loss a year [...]
German telecom giant Deutsche Telekom (DT) is mulling over spinning off its U.S. arm, T-Mobile USA. Alternatively, the German operator may launch an initial public offering (IPO) for the US wireless unit, according to a Wall Street Journal report. Deutsche Telekom has negotiated with banks including Deutsche Bank (DB) to manage the IPO. A decision [...]
German telecom giant Deutsche Telekom (DT) is mulling over spinning off its U.S. arm, T-Mobile USA. Alternatively, the German operator may launch an initial public offering (IPO) for the US wireless unit, according to a Wall Street Journal report. Deutsche Telekom has negotiated with banks including Deutsche Bank (DB) to manage the IPO. A decision is expected in the next few months. However, company officials declined to comment on the issue.[More...]
Are you one of those holdouts who hasn't yet jumped into the high-tech world of smartphones? Well get ready, because the mobile-phone makers of the world are about to make you an offer that will be...[More...]
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Watch out: Martin Lukes is [...]
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