Brokerage Firm Rating Update on Verizon Communications (VZ)

Verizon Communications (VZ) : 5 brokerage houses believe that Verizon Communications (VZ) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Verizon Communications (VZ). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 24 Wall Street Analysts endorse the stock as a Hold with a rating of 2.63.

Verizon Communications (VZ) : 15 Wall Street analysts covering Verizon Communications (VZ) believe that the average level the stock could reach for the short term is $54. The maximum price target given is $60 and the minimum target for short term is around $42, hence the standard deviation is calculated at $4.29.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Morgan Stanley maintains its rating on Verizon Communications (NYSE:VZ).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley raises the new price target from $59 per share to $60 per share. The rating by the firm was issued on July 28, 2016.

Verizon Communications (NYSE:VZ): The stock opened at $53.5 and touched an intraday high of $53.79 on Wednesday. During the day, the stock corrected to an intraday low of $53.28, however, the bulls stepped in and pushed the price higher to close in the green at $53.71 with a gain of 0.37% for the day. The total traded volume for the day was 10,612,287. The stock had closed at $53.51 in the previous trading session.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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