January 23, 2017

Verizon Communications Inc. (VZ) Downgraded by Wells Fargo & Co.

Verizon Communications Inc. (NYSE:VZ) was downgraded by investment analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a research report issued on Monday.

VZ has been the subject of several other reports. Jefferies Group reiterated a “hold” rating and issued a $53.00 price target on shares of Verizon Communications in a report on Friday, December 16th. Vetr downgraded Verizon Communications from a “buy” rating to a “hold” rating and set a $52.38 price target for the company. in a report on Monday, January 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Verizon Communications in a report on Sunday, October 23rd. HSBC Holdings plc upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Thursday. Finally, Cowen and Company reiterated a “market perform” rating and issued a $50.00 price target on shares of Verizon Communications in a report on Sunday, October 23rd. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and nine have issued a buy rating to the stock. Verizon Communications has an average rating of “Hold” and an average price target of $54.48.




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