Market Overview

UPDATE: Morgan Stanley Resumes Coverage on Verizon Communications on Good Market Position

Share:
Related VZ
Here Is Every Twitter Takeover Rumor Of 2016
Carter Worth And Mike Khouw's Verizon Trade
Will Ciena Earnings Keep Fiber-Optics Stocks Speeding Ahead? (Investor's Business Daily)

In a report published Thursday, Morgan Stanley analyst Simon Flannery resumed coverage on Verizon Communications (NYSE: VZ) with an Overweight rating and $52.00 price target.

In the report, Morgan Stanley noted, “Valuation looks attractive, as the market seems to be pricing in the impact of the flow back (Vodafone distributed ~1,275m shares to shareholders). Wireless competition is a risk, but we believe that Verizon is best positioned. Our $52 price target offers ~17% total return.”

Verizon Communications closed on Wednesday at $46.35.

Latest Ratings for VZ

DateFirmActionFromTo
Jul 2016Morgan StanleyMaintainsOverweight
Jul 2016JP MorganMaintainsNeutral
Jul 2016UBSMaintainsNeutral

View More Analyst Ratings for VZ
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Simon FlanneryAnalyst Color Initiation Analyst Ratings

 

Related Articles (VZ)

View Comments and Join the Discussion!