Buys Released From Zacks All Star Analyst.
Stocks Include: PCS, NXTL, SBC, And VZ
CHICAGO, IL, Aug 29, 2001 (INTERNET WIRE via COMTEX) -- Kevin Calabrese is a highly rated analyst with Argus Research who has generated solid returns by navigating the treacherous waters of the telecom industry. His envisions a "long and arduous" road back for the group as a whole. But, today he isolates a plethora of trends and product releases that will benefit his four favorite stocks: Sprint PCS (NYSE: PCS chart, msgs), Nextel (NASDAQ: NXTL chart, msgs), SBC Communications (NYSE: SBC chart, msgs) and Verizon Communications (NYSE: VZ chart, msgs). For the complete report and much more extensive commentary on the telecom sector, visit www.Picks2.Zacks.com
Here are the details on Analyst Calabrese's Stock Picks for today:
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Verizon Communications (NYSE: VZ chart, msgs)
Verizon arose from a merger between Bell Atlantic and GTE Corporation in 1983. The company operates 16 Regional Bell Operating Companies (RBOC's) from which it receives 68% of its revenues. It has the largest DSL operations in the country in spite of the tech initially flopping. Verizon has also applied for long distance phone service with the FCC beginning with New York, Massachusetts, and Connecticut, and now has LD presence in the top 50 major metropolitan markets nationwide. The company has been and continues to be very profitable making it an attractive long-term investment for Rooks...
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