Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Olympics
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Gunman kills 12 in Denver suburb at Batman movie
12:45pm EDT
Syrian forces stretched, spy chief 4th bomb victim
|
12:25pm EDT
Exclusive: New York police link nine 2012 plots to Iran, proxies
10:27am EDT
Exclusive: Kim to reform North Korean economy after purge: source
7:14am EDT
NYC's jobless rate hits 10 pct in June, though jobs added
19 Jul 2012
Discussed
127
Obama allies tell Romney to ”quit whining” about Bain attacks
116
Syrian battles rage in capital, Russia pressed
101
No sign of Assad after bomb kills kin, rebels close in
Watched
The social status of the Olympics
Thu, Jul 19 2012
Mobile app Path goes its own way
7:59am EDT
'Emotional' android shows new face of robotics
Wed, Jul 18 2012
Analysts raise Verizon price target on wireless growth
Tweet
Share this
Email
Print
Related News
Verizon wireline disappoints, shares off 2.9 percent
Thu, Jul 19 2012
Intel's outlook soothes antsy investors
Wed, Jul 18 2012
AT&T data fees to jump in new shared plan option
Wed, Jul 18 2012
Analysts await new Yahoo CEO's strategy after dull results
Wed, Jul 18 2012
Cell phone companies see spike in surveillance requests
Mon, Jul 9 2012
Related Topics
Tech »
Media »
Fri Jul 20, 2012 9:53am EDT
(Reuters) - Several brokerages raised their price target on Verizon Communications Inc's (VZ.N) stock, upbeat on the company's potential in its mobile phone business as a growing number of customers switch to high-margin smartphones.
On Thursday, Verizon posted quarterly profits in line with analysts' estimates as it added more wireless subscribers than anticipated.
Analysts said Verizon's leadership in its U.S. mobile phone market will continue to drive growth and help it gain a larger share of the postpaid market with growing adoption of the Long Term Evolution (LTE) mobile standard.
LTE technology -- pegged as the successor for 3G mobile voice and data standards -- promises broadband-like internet speeds on mobile handsets.
"We expect Verizon to continue to gain postpaid market share given its industry leading churn, a leadership position in LTE and the expected release of an LTE capable iPhone as soon as the fourth quarter," Citi Investment Research analyst, Michael Rollins wrote in a note.
He raised his price target on the stock to $45 from $44.
Verizon Communications' mobile phone joint venture with UK's Vodafone Group Plc (VOD.L) added 888,000 net new subscribers in the second quarter, compared with the average expectation of about 666,000 of seven analysts.
J.P. Morgan Securities analyst Philip Cusick said Verizon's wireless EBITDA margin could exceed a record 50 percent in the current quarter driven by smartphone sales and an expected iPhone launch later in September.
EBITDA margin, based on the segment's earnings before interest, tax, depreciation and amortization, was 49 percent in the second quarter, ahead of average estimates of five analysts for just above 47 percent.
Cusick raised his price target to $49 from $45.
At least seven other brokerages also raised their price target on the Company's stock which provides communication, information and entertainment products and services to consumers, businesses and governmental agencies.
Verizon shares fell 1.5 percent to $43.85 on the New York Stock Exchange on Friday.
(Reporting By Aurindom Mukherjee in Bangalore; Editing by Joyjeet Das)
Tech
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.