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Piper Jaffray Reiterates Overweight Rating, $50 PT on Verizon Communications Ahead of TMT Conference

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In a report published Friday, Piper Jaffray reiterated its Overweight rating and $50.00 price target on Verizon Communications (NYSE: VZ).

Piper Jaffray noted, “Terremark is the crown jewel of Verizon's datacenter and hosting strategy. Verizon has been quietly winning government contracts and expanding its footprint. What are Verizon's plans for the future of its datacenter and hosting business? Where will Verizon expand next? We will have Chris Drumgoole, SVP of Global Operations for Verizon's datacenter and hosting business on hand to answer these and other questions you may have. Our fireside chat will take place at 1 PM ET on March 12th.”

Verizon Communications closed on Thursday at $46.53.

Latest Ratings for VZ

DateFirmActionFromTo
Jul 2016OppenheimerDowngradesOutperformPerform
Apr 2016BarclaysMaintainsEqual-weight
Apr 2016JefferiesDowngradesBuyHold

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