**Editor’s Note: Which is America’s top wireless network? Click here to see what we discovered.**
Big sales of iPhones and other devices continue to put Verizon Wireless in a great position against rivals AT&T, T-Mobile and Sprint.
After announcing last week that it added 1.4 million postpaid subscribers in the second quarter, analysts have every reason to believe that Big Red continues to be on the right track.
“With net adds improving from Q1, we continue to believe the company is best positioned to drive the most value out of the U.S. wireless market,” Canaccord Genuity analyst Greg Miller noted on Friday.
Miller says Verizon made all of the right moves in the last three months, taking “appropriate measures to address competition — particularly at the low end of its base … .”
T-Mobile, America’s fourth-largest mobile operator, made a big splash in the first quarter, adding 1.3 million subs on the back of its “uncarrier,” no-contract strategy — more than AT&T and Verizon combined. But Verizon appears to have righted the ship.
Miller maintained his “buy” rating for Verizon stock. Citing “stronger-than-expected net adds and solid margins,” he slapped a $55 per-share target on it. As of 12:27 p.m. ET on Friday, it was on the rise at $50.65.
Verizon will release its full second-quarter earnings report next week.
Follow senior online managing editor @Craig_Galbraith on Twitter.
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