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

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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
Apr 2017ArgusDowngradesBuyHold
Apr 2017SunTrust Robinson HumphreyInitiates Coverage OnHold
Jan 2017Evercore ISI GroupInitiates Coverage OnHold

View More Analyst Ratings for VZ
View the Latest Analyst Ratings

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

 

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