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VZ

Verizon

$53.46

1.55 (2.99%)

07:08
01/23/18
01/23
07:08
01/23/18
07:08

Verizon sees FY18 revenue growth at low-single-digit percentage rate

FY18 consolidated revenues will grow at low-single-digit percentage rates on a GAAP basis. Excluding the impact from the new revenue recognition standard, Verizon is on track to achieve year-over-year wireless service revenue growth by the middle part of 2018. On a GAAP basis, Verizon expects service revenue growth to turn positive around the end of 2018 or early 2019. Low single-digit percentage growth in adjusted EPS, which includes the dilutive impacts from a full year of depreciation and amortization costs from 2017 acquisitions, the Straight Path acquisition expected to close later in the first quarter, and the ongoing impact of last year's data center divestitures. This is before the impact of tax reform and the revenue recognition standard. Capital spending for 2018 will be in the range of $17.0 billion to $17.8 billion, including the commercial launch of 5G. The expected savings from tax reform will generate a net $3.5 billion to $4.0 billion uplift to cash flow from operations in 2018. This is expected to yield a 55 to 65 cent increase in 2018 EPS, net of impacts from the employee and Verizon Foundation initiatives. The resulting 2018 effective tax rate is projected to be in the range of 24 to 26 percent.

  • 23

    Jan

  • 25

    Jan

VZ Verizon
$53.46

1.55 (2.99%)

01/22/18
01/22/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. U.S. Steel (X) upgraded to Neutral from Sell at Citi with analyst Alexander Hacking saying he sees steel prices better supported near-term and increased his EBITDA estimates. 2. Aflac (AFL) upgraded to Strong Buy from Outperform at Raymond James with analyst Gregory Peters citing relative shares underperformance since the recent article alleging fraud at the company. 3. Schlumberger (SLB) upgraded to Overweight from Neutral at Atlantic Equities. 4. Harley-Davidson (HOG) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Conder saying investors are not appreciating the benefits of tax reform to Harley-Davidson. 5. Verizon (VZ) upgraded to Outperform from Sector Perform at Scotia Howard Weil. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/22/18
HOWW
01/22/18
UPGRADE
HOWW
Outperform
Verizon upgraded to Outperform from Sector Perform at Scotia Howard Weil
01/17/18
01/17/18
DOWNGRADE
Target $55

Equal Weight
With fewer likely buyers seen, Morgan Stanley cuts Dish to Equal Weight
As previously reported, Morgan Stanley analyst Benjamin Swinburne downgraded Dish Network (DISH) to Equal Weight from Overweight as he now sees fewer likely buyers of its assets than hoped. T-Mobile (TMUS) has acquired significant additional spectrum, reducing the potential for a Dish partnership, tax reform will help Verizon (VZ) as it moves further towards small cell deployments in lieu of adding new spectrum, and the FCC is also considering a new auction, Swinburne tells investors. Additionally, the DOJ challenge of AT&T's (T) Time Warner (TWX) deal suggests a more challenging M&A backdrop than assumed for AT&T, which he had viewed as potentially the most logical buyer of Dish's DBS assets, Swinburne added. With Dish beginning to spend on its network in 2018 to boot, Swinburne lowered his price target on the stock to $55 from $75.
01/16/18
01/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) downgraded to Underperform from Neutral at Macquarie with analyst Laurent Vasilescu citing weaker North America revenues, flat Connected Fitness revenues, international revenues of up 21% year-over-year, gross margin pressure, and higher SG&A assumptions. 2. Verizon (VZ) downgraded to Neutral from Buy at MoffettNathanson. 3. Lockheed Martin (LMT) and Rockwell Collins (COL) were downgraded to Market Perform from Outperform at Wells Fargo. 4. Spirit Airlines (SAVE) downgraded to Hold from Buy at Stifel with analyst Joseph DeNardi saying he believes Spirit will benefit this year from an improving demand and revenue environment, but that its higher revenue risk relative to potential competitive responses to its expected capacity growth is not fully reflected in the stock at current levels. 5. Finisar (FNSR) downgraded to Sell from Neutral at Goldman Sachs with analyst Doug Clark saying risks of oversupply and competition are heating up in the optical component landscape. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

HCSG

Healthcare Services

$42.38

-0.3297 (-0.77%)

, GEN

Genesis Healthcare

$1.45

-0.09 (-5.84%)

08:27
07/18/18
07/18
08:27
07/18/18
08:27
Recommendations
Healthcare Services, Genesis Healthcare analyst commentary  »

Benchmark would be buyers…

HCSG

Healthcare Services

$42.38

-0.3297 (-0.77%)

GEN

Genesis Healthcare

$1.45

-0.09 (-5.84%)

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  • 18

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  • 05

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FPI

Farmland Partners

$6.28

0.185 (3.04%)

08:26
07/18/18
07/18
08:26
07/18/18
08:26
Upgrade
Farmland Partners rating change  »

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ERIC

Ericsson

$7.64

-0.015 (-0.20%)

08:25
07/18/18
07/18
08:25
07/18/18
08:25
Earnings
Ericsson reports Q2 non-IFRS EPS SEK(9) vs. SEK33 last year »

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GLOG

GasLog

$17.10

(0.00%)

, GLNG

Golar LNG

$27.06

0.11 (0.41%)

08:23
07/18/18
07/18
08:23
07/18/18
08:23
Initiation
GasLog, Golar LNG, GasLog Partners, Golar LNG Partners, Hoegh LNG initiated  »

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GLOG

GasLog

$17.10

(0.00%)

GLNG

Golar LNG

$27.06

0.11 (0.41%)

GLOP

GasLog Partners

$23.40

0.05 (0.21%)

GMLP

Golar LNG Partners

$14.71

-0.09 (-0.61%)

HMLP

Hoegh LNG

$17.90

0.3 (1.70%)

03/08/13
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03/06/13
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  • 26

    Jul

  • 01

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CMA

Comerica

$91.84

1.15 (1.27%)

, BBT

BB&T

$51.99

0.37 (0.72%)

08:22
07/18/18
07/18
08:22
07/18/18
08:22
Recommendations
Comerica, BB&T, U.S. Bancorp analyst commentary  »

Comerica could be viewed…

CMA

Comerica

$91.84

1.15 (1.27%)

BBT

BB&T

$51.99

0.37 (0.72%)

USB

U.S. Bancorp

$51.29

-0.01 (-0.02%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

  • 19

    Jul

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
07/18/18
07/18
08:20
07/18/18
08:20
Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
07/18/18
07/18
08:20
07/18/18
08:20
Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
07/18/18
07/18
08:20
07/18/18
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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KDP

Keurig Dr Pepper

$24.97

0.2 (0.81%)

08:20
07/18/18
07/18
08:20
07/18/18
08:20
Initiation
Keurig Dr Pepper initiated  »

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IYT

iShares Transportation Average

$188.40

0.48 (0.26%)

08:20
07/18/18
07/18
08:20
07/18/18
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$72.90

0.54 (0.75%)

08:19
07/18/18
07/18
08:19
07/18/18
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$75.10

-0.26 (-0.35%)

08:19
07/18/18
07/18
08:19
07/18/18
08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$112.97

0.12 (0.11%)

08:19
07/18/18
07/18
08:19
07/18/18
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$58.88

0.76 (1.31%)

08:19
07/18/18
07/18
08:19
07/18/18
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$52.45

-0.03 (-0.06%)

08:18
07/18/18
07/18
08:18
07/18/18
08:18
Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$52.92

0.44 (0.84%)

08:18
07/18/18
07/18
08:18
07/18/18
08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$87.34

0.49 (0.56%)

08:18
07/18/18
07/18
08:18
07/18/18
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$167.51

0.75 (0.45%)

08:17
07/18/18
07/18
08:17
07/18/18
08:17
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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DIA

Diamonds Fund ETF

$251.26

0.64 (0.26%)

08:17
07/18/18
07/18
08:17
07/18/18
08:17
Technical Analysis
Diamonds Fund ETF: Pivot points »

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SPY

SPDR S&P 500 ETF Trust

$280.42

1.04 (0.37%)

08:17
07/18/18
07/18
08:17
07/18/18
08:17
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

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XLF

Financial Select Sector

$27.49

0.04 (0.15%)

08:17
07/18/18
07/18
08:17
07/18/18
08:17
Technical Analysis
Financial Select Sector: Pivot points »

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SMH

Market Vectors Semiconductor

$106.04

1.39 (1.33%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Market Vectors Semiconductor: Pivot points »

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EXR

Extra Space Storage

$94.67

-2.05 (-2.12%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Downgrade
Extra Space Storage rating change  »

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  • 01

    Aug

QQQ

Invesco QQQ Trust

$180.29

1.11 (0.62%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Invesco QQQ Trust: Pivot points »

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$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Nasdaq Composite: Pivot points »

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