Verizon’s “Overweight” Rating Reaffirmed at Piper Jaffray (VZ)
“Terremark is the crown jewel of Verizon’s datacenter and hosting strategy. Verizon has been quietly winning government contracts and expanding its footprint. What are Verizon’s plans for the future of its datacenter and hosting business? Where will Verizon expand next? We will have Chris Drumgoole, SVP of Global Operations for Verizon’s datacenter and hosting business on hand to answer these and other questions you may have. Our fireside chat will take place at 1 PM ET on March 12th.,” Piper Jaffray’s analyst wrote.
VZ has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a hold rating on shares of Verizon in a research note to investors on Wednesday, February 27th. Finally, analysts at Raymond James upgraded shares of Verizon from a market perform rating to an outperform rating in a research note to investors on Thursday, February 14th. They now have a $48.00 price target on the stock.
Thirteen investment analysts have rated the stock with a buy rating, three have issued an overweight rating, and seventeen have assigned a hold rating to the company. The stock currently has an average rating of overweight and a consensus target price of $48.01.
Verizon traded up 0.89% on Friday, hitting $47.5301. Verizon has a 52-week low of $36.80 and a 52-week high of $48.77. The stock’s 50-day moving average is currently $44.20. The company has a market cap of $135.9 billion and a price-to-earnings ratio of 153.45.
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