NEW YORK (TheStreet) -- Verizon Communications Inc. (VZ) announced today that the U.S. government made close to 150,000 requests for customer information from the company during the first half of 2014, Reuters reports.
This is the second report Verizon made public since shareholders began to pressure the company to reveal what information it shared with the government in December 2013.
The U.S. issued 72,342 subpoenas; half of them requested a specific phone number's subscriber information, while others asked for transaction information regarding numbers Verizon customers had called, Reuters added.
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Shares of Verizon Communications are lower by -0.83% to $48.81 in late afternoon trading today.
Separately, TheStreet Ratings team rates VERIZON COMMUNICATIONS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERIZON COMMUNICATIONS INC (VZ) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."