Macquarie Downgrades Verizon Communications To Underperform

Analysts at Macquarie downgraded

from Neutral to Underperform. The price target for Verizon Communications has been raised from $44.50 to $45.00. Verizon Communications shares have gained 4.08 percent over the past 52 weeks, while the S&P 500 index has surged 10.96 percent in the same period. Verizon Communications' shares declined 0.76 percent to $49.42 in pre-market trading.