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Technology Stocks : Verizon Communications (VZ)
VZ 49.53+0.7%Oct 20 8:04 PM EDTNews

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From: Intelim5/30/2017 4:17:31 PM
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BTIG cuts Verizon estimates through 2018

“We cut our end of 2018 postpaid subscriber estimate by 1.6 million to 109.3 million, driven by lower gross additions rather than a higher churn estimate,” Piecyk wrote in a research note to investors (reg. req.). “We also cut ARPU based on the expectation of continued rerating from the unlimited offering. This resulted in a $1.8 billion cut in our postpaid wireless service revenue estimate in 2017 and $1.2 billion in 2018. This is on top of the $700 million cut we made to our 2018 service revenue estimate when the unlimited plan was first offered.”
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