Citi is out with its report today on Verizon Communications VZ, maintaining Hold.
In its report, Citi writes, "We maintain our Hold rating on Verizon, as the company retains an opportunity to accelerate its EPS growth heading into 2012 from further wireless share gains, some recovery to its wireless margin, and further improvement in its wireline margin. We would consider revisiting our thesis on Verizon's stock on a meaningful retreat in its share price or on the potential for the rate of earnings growth to meaningfully improve above our expectation."
At the time of posting, shares of VZ were trading at $35.29, up 0.20% from Tuesday's close.
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