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Oppenheimer & Co. Inc Announces Company Updates

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Oppenheimer & Co. Inc released a research report on Equinix Inc. (NASDAQ: EQIX), Verizon (NYSE: VZ), Comcast (NASDAQ: CMCSA), AT&T, Inc. (NYSE: T), Leap Wireless International, Inc. (NASDAQ: LEAP), MetroPCS Communications Inc. (NYSE: PCS), Sprint Nextel (NYSE: S), CenturyLink (NYSE: 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. (NASDAQ: EQIX) has a Perform rating and closed at $90.64, Verizon (NYSE: VZ) has an Outperform rating and closed at $35.25, Comcast (NASDAQ: CMCSA) has an Outperform rating and closed at $21.14, AT&T, Inc. (NYSE: T) has an Outperform rating and closed at $27.88, Leap Wireless International, Inc. (NASDAQ: LEAP) has a Perform rating and closed at $7.96, MetroPCS Communications Inc. (NYSE: PCS) has an Outperform rating and closed at $10.44, Sprint Nextel (NYSE: S) has a Perform rating and closed at $3.40, CenturyLink (NYSE: CTL) has a Perform rating and closed at $33.35.

 

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Posted-In: Oppenheimer & Co. Inc.Analyst Color Analyst Ratings

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