Verizon Communications Inc. (VZ) Rating Increased to Buy at HSBC

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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