The Zacks Analyst Blog Highlights: Verizon Communications, Apple, Comcast, Sprint Nextel and AT&T - Press Releases

For Immediate Release

Chicago, IL - December 20, 2011 - 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 ( VZ ), Apple Inc. ( AAPL ), Comcast ( CMCSA ), Sprint Nextel Corp. ( S ) and AT&T Inc. ( T ).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Monday's Analyst Blog:

Verizon, Cox in Spectrum Deal

The largest U.S. mobile services provider Verizon Communications ( VZ ) plans to buy radio-spectrum licenses from the privately held cable operator Cox Communications Inc. The deal is awaiting approval from the Federal Communications Commission.

Verizon is progressing fast to acquire more spectrum licenses in order to support its video content and other data services in the rapidly growing smartphone market. The demand for Apple Inc. 's ( AAPL ) iPhone 4 and 4S is also gaining traction.

We believe the purchase of new spectrum will boost Verizon's capacity to offer services at a much higher speed, thereby driving data revenues. Verizon would acquire the 20 MHz Advanced Wireless Service (AWS) licenses covering 28 million Americans in cities including Boston, New Orleans, Jacksonville, Florida, Phoenix, San Diego and Las Vegas for $315 million.

Verizon and Cox would be able to market and sell each other's residential and commercial products and services, thereby solidifying their respective competitive positions in the telecom sector.

The transaction is similar to the agreement Verizon announced earlier in the month. The company agreed to purchase wireless spectrum from a group of cable companies, including Comcast ( CMCSA ) and Bright House Networks. The deal would entail Verizon to acquire 122 radio (or AWS) spectrum licenses covering 259 million Americans for $3.6 billion.

This shows Verizon's keenness to acquire new spectrums to strengthen its competitive position against Sprint Nextel Corp. ( S ), which is a turnaround story, and AT&T Inc. ( T ), which is already battling its proposed T-Mobile merger. The purchase of excess airwaves might force AT&T to seal its ambitious takeover of T-Mobile.

We believe the spectrum deals would be accretive to Verizon in the long term. But it might pressure the balance sheet in the short term by reducing cash balances and increasing capital expenditures.

Last month, Cox announced it would not sell its wireless service effective April 2012. Hence, the transaction will benefit its customers and enhance its mobility, particularly in accessing Verizon Wireless 4G LTE network and wireless devices. Cox could use its own brand name to sell Verizon's products.

We are maintaining our long-term Neutral recommendation on Verizon. The stock retains a 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: .

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:

About Zacks 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 .

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

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.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

APPLE INC ( AAPL ): Free Stock Analysis Report

COMCAST CORP A ( CMCSA ): Free Stock Analysis Report

SPRINT NEXTEL ( S ): Free Stock Analysis Report

AT&T INC ( T ): Free Stock Analysis Report

VERIZON COMM ( VZ ): Free Stock Analysis Report

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More