For Immediate Release
Chicago, IL – May 23, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Verizon Communications Inc. (VZ), Vodafone Group Plc (VOD), AT&T Inc. (T), MetroPCS Communications Inc. (PCS) and Deutsche Telekom (DTEGY).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday’s Analyst Blog:
Verizon Readies for Spectrum Sale
Verizon Wireless, a joint venture of Verizon Communications Inc. (VZ) and Vodafone Group Plc (VOD), has hired Loop Capital as another advisor for the proposed 700 MHz wireless spectrum sale. The company is aggressively looking for the sale of its 700 MHz A and B spectrum licenses, announced a month ago.
Loop Capital, along with Stephens Inc., will reach to a wide range of potential bidders. It seems that AT&T Inc. (T), the second largest wireless provider, and MetroPCS Communications Inc. (PCS) will be the likely bidders. T-Mobile, a unit of Deutsche Telekom (DTEGY) is not interested in the airwaves offered by Verizon.
The move will aid Verizon to gain regulatory approval for its proposed $3.9 billion purchase of wireless spectrums from several cable companies. The pending purchase, announced in December last year, is facing stiff opposition, in particular from T-Mobile and a dozen other public interest groups.
They argued that the purchase would lead to the concentration of spectrums in the hands of Verizon, which is already the largest U.S. mobile service provider with the maximum number of licenses. The deal would also allow the cross selling of each other’s products and services, and raise concerns among some politicians and consumer advocacy groups.
Verizon believes that the unused spectrums of the cable companies are more beneficial than the 700 MHz airwaves. The purchase of new spectrum will double Verizon’s capacity and provide services at a much higher speed, thereby driving data revenues and boosting its competitive position.
However, the sale of the 700 MHz airwaves depends on the successful completion of pending spectrum purchases from cable companies expected in mid-summer.
We are maintaining our long-term Neutral recommendation on Verizon. Currently, the stock retains the Zacks #3 (Hold) Rank for the short term (1–3 months).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: https://twitter.com/zacksresearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com