Telecom & Wireless
Note From UBS: AT&T (T) And Verizon (VZ) Dividends OK
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A positive note on the big telcos from John Hodulik at UBS.
He writes: “Dividend cuts at other companies underscore strength at AT&T/VZ. With a number of large companies such as GE and JPMorgan having slashed their dividends, we believe AT&T and Verizon will increasingly be seen as safe havens within an increasingly ugly storm. We believe the dividends are safe at AT&T and Verizon due to their strong and stable cash flows, cost saving opportunities and the still high level of success-based capex in their budgets.”
Douglas A. McIntyre
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