Powered by

Verizon Communications (VZ) Upgraded to Buy at Zacks Investment Research

Aug 14, 2018 - ICT Monitor Worldwide

Zacks Investment Research upgraded shares of Verizon Communications (NYSE:VZ) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $59.00 price target on the cell phone carriers stock.

According to Zacks, Verizon reported strong second-quarter 2018 results, beating top- & bottom-line estimates. The company expects healthy improvement in margins on the back of strong FiOS fiber-optic network and strategic services in the Wireline business. Verizo

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox