Jefferies Starts Verizon Communications (VZ) at Buy

Jefferies initiates coverage on Verizon Communications (NYSE: VZ) with a Buy. PT $45.00.

The firm comments, "We believe Verizon’s premium valuation is warranted, and at least through the resolution of the AT&T/T-Mobile process, is our preferred way for investors to have large cap exposure to telecom service."

For an analyst ratings summary and ratings history on Verizon Communications click here. For more ratings news on Verizon Communications click here.

Shares of Verizon Communications closed at $36.65 yesterday.

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