Morgan Stanley Feels Confident in Verizon Communications Ahead of 1Q14 Report

In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $52.00 price target on

. In the report, Morgan Stanley noted, “Our EPS estimate of 86c is in-line with consensus. Strong first quarter results could help the stock break out of the current $46 to $48 range, and remove the ‘flow back' overhang. Reiterate OW, with attractive absolute and relative value.” Verizon Communications closed on Wednesday at $47.10.