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UBS downgrades Verizon (VZ -1% to $42.85) to "Neutral" from "Buy" and cuts its stock-price...

UBS downgrades Verizon (VZ -1% to $42.85) to "Neutral" from "Buy" and cuts its stock-price target to $44 from $48. UBS also reduces its Q4 EPS estimate to $0.46 from $0.51 on "lower-than-forecast wire-line and wireless profitability." Analysts say: "We believe the positive catalysts are mostly played out and we see downside to estimates."
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Comments (1)
  • MexCom
    , contributor
    Comments (3061) | Send Message
     
    Obviously UBS doesn't understand the value of their franchise and the amount of RF spectrum that they control. With the proliferation of wireless devices they are in an excellent position to ration it with price increases to provide incentive for users to economize on usage and provide the best service to society for priority needs.
    14 Jan 2013, 11:55 AM Reply Like
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