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Wednesday, November 12, 2014

Verizon optimistic FCC will make 'right' decision on net neutrality, (NYSE: VZ)

Verizon Communications Inc is optimistic the Federal Communications Commission will make the "right" decision in legislating rules to regulate how Internet service providers manage their Web traffic, the company's chief financial officer told investors at a conference on Wednesday. "I think the independent agency of the FCC will make the right decision," Fran Shammo said.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.1% or $0.051/share to $50.66. In the past year, the shares have traded as low as $45.45 and as high as $53.66. On average, 13800200 shares of VZ exchange hands on a given day and today's volume is recorded at 1380971.