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Verizon 1Q17: In Need of a Change

Earnings Note: 20 Apr 2017, 4:06 PM ET
Printed for x x

1Q emphasized VZ's challenging position. Wireless competition is intense and wireline is facing headwinds, leading to stagnant to negative organic growth. Large-scale M&A might be needed. We retain M/P as VZ's spread vs. T is fair.

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