Verizon Prospects Seen Bullish Despite Competition

By | March 6, 2014

Scalper1 News

Verizon Communications’ $130 billion bet on wireless has been given a big thumbs up on Wall Street, even as U.S. mobile competition intensifies. Of 33 analysts polled by Thomson Reuters, 24 rate Verizon (VZ) stock a buy in the wake of its purchase of Vodafone’s 45% stake in their U.S. joint venture, Verizon Wireless. None rates the stock sell or underperform. Verizon stock, though, faces other pressures and is roughly unchanged since Sept. 2, the Scalper1 News

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