The Vetr crowd on Tuesday downgraded their rating for Verizon Communications Inc. VZ from 3.5 stars (Buy), issued four days ago, to 2.5 stars (Sell). Sentiment among the crowd is generally positive, with 66 percent of Vetr user ratings bullish.
Verizon saw one of the best year-end rally's in 2016. After dipping in November to its lowest point since the preceding January, Verizon scaled upward over 15.5 percent to finish the year at $53.38. The stock was trading around $54.50 today.
While Vetr is opting to sell, analysts at Citigroup upgraded Verizon, from Neutral to Buy.
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Currently, the Vetr crowd's average target price for the stock is down at $52.71, which is below the average analyst target price of $54.48. Less than 2 percent of Vetr users are holding VZ in their watch lists.
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