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VZ

Verizon

$58.83

0.34 (0.58%)

08:18
01/10/20
01/10
08:18
01/10/20
08:18

Verizon pricing changes should boost subscriber growth, says New Street

Verizon Communications just eliminated the promo-and-rack-rate pricing strategy which has plagued the broadband and pay-TV markets in the U.S., New Street Research analyst Jonathan Chaplin tells investors in a research note. The analyst thinks cable customers coming off promotion will find Verizon's offer compelling. Verizon's new price points are lower than the rack rate prices at the cable companies and the elimination of step-ups will materially lower churn, says Chaplin. He believes these factors should boost the company's subscriber growth and EBITDA.

  • 30

    Jan

VZ Verizon
$58.83

0.34 (0.58%)

11/14/19
HSBC
11/14/19
DOWNGRADE
Target $65
HSBC
Hold
Verizon downgraded to Hold from Buy at HSBC
HSBC analyst Sunil Rajgopal downgraded Verizon Communications to Hold from Buy with a $65 price target.
11/14/19
HSBC
11/14/19
DOWNGRADE
HSBC
HSBC downgrades AT&T, Verizon, T-Mobile and Altice USA to Hold
HSBC analyst Sunil Rajgopal downgraded to Hold from Buy shares of AT&T (T), Verizon Communications (VZ), T-Mobile (TMUS) and Altice USA (ATUS). The analyst's only Buy in US Telecoms is now Comcast (CMCSA). Rajgopal keeps Reduce ratings on both Dish (DISH) and Sprint (S). The "evolving content business model" and increasing competition leads the analyst to be more cautious on the pay-TV business and operators with greater exposure to content revenues. Producers are increasingly distributing their content directly to consumers rather than relying on the cable and satellite aggregators, Rajgopal tells investors in a research note. In addition, the entry of a "well-funded" companies like Apple (AAPL) into content production and distribution "with its low sticker price adds to the concerns," contends the analyst. Rajgopal cut his pay-TV subscriber estimates for Comcast, AT&T, Charter and Altice USA to reflect his more cautious stance. The analyst lowered his price target for Altice USA to $28 from $30, raised his price target for AT&T to $42 from $38, raised his price target for Verizon to $65 from $62, and kept an $86 price target on T-Mobile.
11/14/19
11/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Hold at Maxim with analyst Nehal Chokshi saying his survey data lead him to project iPhone revenue in fiscal Q2 that is 14% below consensus iPhone revenue that is 6% below consensus for fiscal year 2020. He also expects operating profit to decline year-over-year due to his below consensus iPhone view. 2. Kraft Heinz (KHC) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying shares are up 15% since the company reported Q3 results on October 31. 3. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) downgraded to Hold from Buy at HSBC. 4. Myomo (MYO) downgraded to Neutral from Buy at Roth Capital with analyst Scott Henry saying he sees lowered future expectations for the company after its Q3 results missed expectations. 5. Albemarle (ALB) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison saying "challenging" lithium market dynamics are now anticipated to continue though 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/24/19
RHCO
12/24/19
NO CHANGE
Target $68
RHCO
Buy
Verizon to continue resurgence in wireless revenue growth, says SunTrust
SunTrust analyst Greg Miller keeps his Buy rating and $68 price target on Verizon (VZ) in the wake of its "solid quarterly report" and following a meeting with its industry peer T-Mobile (TMUS). The analyst expects the company's wireless subscription gain momentum to continue into 2020, noting that he is also confident about its "long-term leadership position in technology deployments" translating into wireless service revenue growth.

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AMRC

Ameresco

$19.78

-0.1 (-0.50%)

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HRB

H&R Block

$24.48

-0.48 (-1.92%)

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MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

04:55
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FB

Facebook

$222.01

0.23 (0.10%)

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:43
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China to increase U.S. imports according to 'market principles,' Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SPX

S&P 500

$0.00

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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  • 29

    Jan

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JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

16:28
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JPMorgan to acquire former BNP building in Paris, Bloomberg reports »

JPMorgan (JPM) is buying…

JPM

JPMorgan

$138.15

0.89 (0.65%)

BNPQY

BNP Paribas

$0.00

(0.00%)

03/08/13
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03/06/13
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BAC

Bank of America

$34.70

-0.03 (-0.09%)

16:25
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CEO tells FT Bank of America aims to 'double' slice of U.S. retail business »

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  • 26

    Feb

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CEL

Cellcom Israel

$3.18

(0.00%)

16:16
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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

16:12
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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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SO

Southern Company

$67.25

1.08 (1.63%)

XEL

Xcel Energy

$65.38

0.34 (0.52%)

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

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$11.72

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DNK

Phoenix Tree

$13.50

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VEL

Velocity Financial

$13.58

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IMAB

I-MAB

$12.90

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BSBK

Bogota Financial

$11.70

0.195 (1.70%)

CSPR

Casper Sleep

$0.00

(0.00%)

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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  • 24

    Jan

AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

15:48
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  • 24

    Jan

DVA

DaVita

$79.45

0.43 (0.54%)

15:32
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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

09:16
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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

09:03
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KKR

KKR

$31.20

0.7 (2.30%)

APO

Apollo Global

$50.35

1.26 (2.57%)

ARES

Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

0.62 (1.03%)

CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

-0.02 (-0.03%)

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  • 30

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

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SPCE

Virgin Galactic

$15.65

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  • 25

    Feb

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

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CMCSK

Comcast

$0.00

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CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

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    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

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Walmart

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CSPR

Casper Sleep

$0.00

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