Verizon's Subscriber Losses Raise Concerns, But Strong Business Revenue, Guidance Keeps Analyst Optimistic
1. Goldman Sachs maintained a Buy rating on VZ with a $52 target. 2. Verizon's revenue met analyst expectations at $33.5 billion. 3. Postpaid phone net additions fell short, down 289k in Q1. 4. Wireless service revenue grew 2.7% year-over-year but missed estimates. 5. Investor concerns arise over competition amid mixed subscriber results.