Verizon Communications Inc. (NYSE:VZ) was upgraded by
research analysts at HSBC from a “hold” rating to a “buy” rating in a research
report issued on Thursday. The firm currently has a $61.00 target price on the
cell phone carrier’s stock. HSBC’s price target indicates a potential upside of
16.75% from the stock’s current price.
A number of other equities analysts also recently commented
on VZ. Vetr downgraded Verizon Communications from a “strong-buy” rating to a
“buy” rating and set a $58.40 target price for the company. in a research note
on Thursday, September 22nd. Citigroup Inc. upgraded Verizon Communications
from a “neutral” rating to a “buy” rating and lifted their target price for the
company from $52.25 to $53.38 in a research note on Tuesday, January 3rd. Cowen
and Company restated a “market perform” rating and issued a $50.00 target price
on shares of Verizon Communications in a research note on Sunday, October 23rd.
Morgan Stanley restated an “overweight” rating and issued a $60.00 target price
on shares of Verizon Communications in a research note on Sunday, October 23rd.
Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a
$51.00 target price on shares of Verizon Communications in a research note on
Sunday, October 23rd. One analyst has rated the stock with a sell rating,
twenty-one have issued a hold rating and ten have given a buy rating to the
company’s stock. The stock has an average rating of “Hold” and an average price
target of $54.48.
Source: Ticker Report
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