By Monica Alleven
Verizon shares were down about 2% this morning after the Wall Street
investment firm MoffettNathanson downgraded the stock, saying Verizon
has been the “biggest loser” in AT&T’s steady series of wireless promotions.
AT&T has been on an aggressive path of promotions for the past two
years now, and over that time, AT&T has reaped the advantages of
subscriber growth, but at the cost of cutting its free cash flow and
dividend coverage forecasts, wrote analyst Craig Moffett in a report
for investors Thursday.
https://www.fiercewireless.com/5g/verizon-named-biggest-loser-att-promo-melee
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