S&P Equity Research Maintains HOLD Rating on Verizon Communications Shares

October 05 00:00 2011

NEW YORK, October 5 (RainbowNewsLine.com): Analyst Todd Rosenbluth of S&P Equity Research maintains his BUY Rating on Verizon Communications (NYSE: VZ).

Analyst Todd Rosenbluth, in a research note published yesterday, mentions that new, innovative and faster version of i-phone with improved quality is being planned to be launch by Apple in mid-October. The analyst projects high data revenues and customer retention will be possible with Verizon Communications despite high subsidies and growing competition. Verizon Communications booked 2.3 million i-phone activation on their network during second quarter and expect the same or even better results in third quarter. The current share price reflects the anticipated growth risks, the analyst adds.