Scalper1 News
Citigroup downgraded Verizon Communications (VZ) to neutral, saying that wireless data revenue growth is suspect amid intensifying promotional battles and industry price-cutting. Michael Rollins, the Citigroup analyst, cut Verizon to neutral from overweight. He lowered his price point to 51 from 53. “We are reducing our rating on Verizon to neutral as we now expect below-consensus EPS for 2015 based on higher costs of (network) capacity (spectrum Scalper1 News
Scalper1 News