Back to top

Press Releases

The Zacks Analyst Blog Highlights: Verizon Communications, AT&T, Sprint Nextel, Clearwire and Harsco

VZ T S HSC

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

For Immediate Release

Chicago, IL – March 9, 2012 – Zacks.com 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 Inc. ( (VZ - Analyst Report) AT&T Inc. ( (T - Analyst Report), Sprint Nextel Corp. ( (S - Analyst Report), Clearwire Corp. ( and Harsco Corporation ( (HSC - Snapshot Report).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

Verizon Unveils Home Broadband

The largest U.S. mobile service provider Verizon Communications Inc. ( (VZ - Analyst Report) launched an in-home wireless broadband service –– HomeFusion Broadband –– based on Long Term Evolution (LTE) technology.

Verizon introduced this service in rural and remote homes, which do not have access to DSL or cables. The service will be available initially in Birmingham, Alabama, Dallas and Nashville, Tennessee later this month.

The company will charge $59.99 per month for 10 gigabytes (GB) of data and an initial fee of $199.99 for installing the antenna device either on an outside wall or at the roof. Home Fusion provides download speed of 5 to 12 megabits per second and 2 to 5 megabits for upload.

Verizon is further seeking the deployment of 4G services to rural areas using tower and backhaul assets and its 700 MHz spectrum. We believe Verizon’s expansion into rural areas will drive subscriber growth and improve the churn rate, leading to higher growth and profitability. In addition, Verizon is ahead of its largest rivals AT&T Inc. ( (T - Analyst Report) and Sprint Nextel Corp. ( (S - Analyst Report) in providing home broadband services.

Verizon continues to lead the wireless industry with the expansion of both its 3G and 4G mobile broadband networks. As of January 23, 2012, Verizon deployed 4G LTE services in 195 markets, covering more than 200 million people. The company expects to expand its 4G network to its entire nationwide 3G footprint by mid-2013, compared with the previous forecast of year-end 2013.

Verizon is poised to grow its revenue and earnings this year based on the introduction of new smartphones, tablets and data devices in the Wireless segment as well as continued strong FiOS fiber-optic network and strategic services in the Wireline business.

However, wireless home broadband service is not a new growth revenue stream in the telecom space. Clearwire Corp. ( already provides similar rural offerings but with limited coverage.

We are maintaining our long-term Neutral recommendation on the stock. Currently, the stock retains the Zacks #3 Rank (Hold) for the short term (1–3 months).

Harsco Wins Railway Contracts

Harsco Corporation ( (HSC - Snapshot Report) has received international contract awards of more than $25 million to provide railway track equipment, parts and maintenance services. These shall cater to customers in the U.S., Canada and Australia.

Harsco Rail shall process these orders by early 2013. The primary products it shall deal with here include a wide range of equipment such as Mark VI ballast tampers, ballast regulators and track stabilizers, developed primarily for track surfacing operations.

The company recently reported financial results for its fourth quarter of 2011. Here, the Rail segment of the company declared revenues of $72 million, rising 18% year over year. Strong sales figures of equipment and parts were the primary reasons for this approbatory performance.

Traditionally, the company is expected to have a soft performance in the first quarter. Contract awards should be filling up order books for Harsco Rail this year, as they did last year.

Harsco’s goodwill has remained unblemished; creditors have never been apprehensive about catering to its credit needs. Not long ago, Harsco was allowed to renew an unsecured 5-year back-up credit facility of $525 million on account of a 3-year back up facility due for expiry this year.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

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: http://at.zacks.com/?id=5517

About Zacks

Zacks.com 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 http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

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
support@zacks.com

http://www.zacks.com

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%