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

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

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.

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 Reiteration Analyst Ratings

 

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