Market Overview

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

Share:
Related VZ
Activist Action: The Reason Behind Identiv's Recent Pop
Broadband Providers Say Government Intervention Is Not The Answer In Net Neutrality
AT&T To Face Disruption From Google's Entry Into Wireless (Seeking Alpha)

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
Feb 2015CitigroupMaintainsNeutral
Feb 2015JP MorganMaintainsOverweight
Jan 2015JP MorganMaintainsOverweight

View More Analyst Ratings for VZ
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Reiteration Analyst Ratings

 

Related Articles (VZ)

Around the Web, We're Loving...

Get Benzinga's Newsletters