Buckingham Research Initiates Verizon Communications With Neutral

Analysts at Buckingham Research initiated coverage on Verizon Communications Inc. VZ with a Neutral rating. The target price for Verizon Communications is set to $51. Verizon Communications shares have dropped 5.45 percent over the past 52 weeks, while the S&P 500 index has surged 4.63 percent in the same period. Verizon Communications' shares jumped 0.79 percent to close at $46.99 yesterday.