Oppenheimer & Co. Inc Announces Company Updates

Oppenheimer & Co. Inc released a research report on Equinix Inc. EQIX, Verizon VZ, Comcast CMCSA, AT&T, Inc. T, Leap Wireless International, Inc. LEAP, MetroPCS Communications Inc. PCS, Sprint Nextel S, CenturyLink CTL announcing company updates. In the report Oppenheimer & Co. Inc writes, “Verizon CEO Lowell McAdam says the company will not guarantee an annual dividend payment to Vodafone as it may require capital for purchases of spectrum or competitors over the next few years. The CEO further stated that a merger between the two companies made sense longer term. We totally agree with both comments. Per the WSJ, US advertising spending growth estimates are being cut; we believe that our more conservative Comcast forecast, the company in our sector most exposed to advertising, accurately portrays these conditions. AT&T will begin offering a new, lower priced prepaid plan to its GoPhone customers on Sept. 18, another slight increase in risks for Leap and PCS.” Equinix Inc. EQIX has a Perform rating and closed at $90.64, Verizon VZ has an Outperform rating and closed at $35.25, Comcast CMCSA has an Outperform rating and closed at $21.14, AT&T, Inc. T has an Outperform rating and closed at $27.88, Leap Wireless International, Inc. LEAP has a Perform rating and closed at $7.96, MetroPCS Communications Inc. PCS has an Outperform rating and closed at $10.44, Sprint Nextel S has a Perform rating and closed at $3.40, CenturyLink CTL has a Perform rating and closed at $33.35.