Verizon's Subscriber Losses Raise Concerns, But Strong Business Revenue, Guidance Keeps Analyst Optimistic

Goldman Sachs analyst James Schneider maintained a Buy rating on Verizon Communications Inc VZ with a price target of $52 on Tuesday.What Happened: Verizon reported total revenue of$33.5 billion, in line with the analyst estimate of $33.4 billion and the Street (Visible Alpha Consensus Data) at$33.3 billion. Adjusted EPS was $1.19 versus the analyst estimate of$1.14 and the consensus of $1.15.Read Next: Verizon Loses 289 Thousand Postpaid Subscribers In Q1 Due To Price Hikes And CompetitionTotal wireless ...