Rising Smartphone Penetration Presents Upside to Verizon&#39;s Stock Value

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Friday, February 18, 2011

Rising Smartphone Penetration Presents Upside to Verizon's Stock Value

Filed under: Verizon Communications (VZ)

Verizon Communications, Inc. (VZ) primarily competes with AT&T, Inc. (T) and Sprint Nextel Corporation (S) in the mobile business. Our price estimate for Verizon stands at $36.62, in line with market price. However, given Verizon's aggressive smartphone penetration expectations, this price estimate could potentially see further upside.