Morning Research on Verizon, Cincinnati Bell, MetroPCS, Telefonica Brasil, and TIM Participacoes PR Newswire LONDON, March 28, 2013 LONDON, March 28, 2013 /PRNewswire/ -- Telecom services providers such as Verizon Communications Inc. (NYSE: VZ), and Cincinnati Bell Inc. (NYSE: CBB), as well as wireless communications services providers such as MetroPCS Communications Inc. (NYSE: PCS), Telefonica Brasil SA (NYSE: VIV), and Tim Participacoes SA (ADR) (NYSE: TSU), have been looking to upgrade their network infrastructure and increase bandwidth due to rising data usage. Going forward, telecom services providers can expect an increase in capital spending. Meanwhile, wireless will remain key growth driver for the communications industry. On Wednesday, telecommunication stocks struggled as the broad market came under pressure due to concerns over the Eurozone debt crisis. StockCall has posted free technical research reports on VZ, CBB, PCS, VIV, and TSU and these can be accessed by signing up at http://www.stockcall.com/analysis Shares of Verizon Communications Inc. fell sharply in trading on Wednesday. The stock ended the day 1.09% lower at $48.94 on volume of 12.93 million. Shares of VZ are currently trading close to their 52-week high of $49.59. The stock has outperformed the broad market so far in 2013, gaining more than 14.40%. Its shares have seen a series of highs over the last one month, which is a strong bullish signal. Download the free report on VZ upon registration at http://www.StockCall.com/VZ032813.pdf Shares of Cincinnati Bell Inc. were among the major losers in the telecommunications sector yesterday. The stock fell to an intra-day low of $3.10 before finishing the day 2.15% lower at $3.18 on volume of 4.36 million. Its shares have now fallen 4.50% in the last three sessions. Year-to-date, the stock has fallen nearly 42%, even as the broad market has rallied. Cincinnati Bell's shares have slipped below $3.25 support level, which is a bearish signal. The stock's MACD is also trading well below the zero-line, further confirming the bearish trend. CBB technical report can be accessed for free by signing up at http://www.StockCall.com/CBB032813.pdf Shares of MetroPCS Communications Inc. also edged lower in trading on Wednesday. The stock closed 1.31% lower at $10.53 on volume of 3.76 million after touching an intra-day low of $10.47. Shares of PCS are now trading nearly 27.50% below their 52-week high of $14.51. The stock is still up nearly 6% for the year. The stock gained some momentum at the start of this year; however, it has been struggling to break through $11 resistance level. The free report on PCS can be downloaded by signing up now at http://www.StockCall.com/PCS032813.pdf Telefonica Brasil SA shares closed lower on yesterday; however, the losses were limited. The stock ended the day 0.19% lower at $26.48 on volume of 759,222. Telefonica Brasil's shares have seen a pullback after the stock struggled to break through $27.50 resistance level. The stock has traded sideways in the last few trading sessions. The stock's MACD is also trading below the signal line, which is a strong bearish signal. Free report on VIV can be accessed by registering at http://www.StockCall.com/VIV032813.pdf TIM Participacoes SA's shares fluctuated between gains and losses on Wednesday before finishing the day flat at $21.83 on volume of 822,100. The stock, however, has gained more than 3% in the last three sessions. The company's shares have outperformed the S&P 500 this year, gaining more than 10%. The stock, though, is still trading 32.60% below its 52-week high of $32.39. Register with StockCall and download the research on TSU for free at http://www.StockCall.com/TSU032813.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Morning Research on Verizon, Cincinnati Bell, MetroPCS, Telefonica Brasil, and TIM Participacoes
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