UBS Reiterates Neutral Rating on Verizon Communications (VZ)

UBS analyst John Hodulik reiterated a Neutral rating and $45.00 price target on Verizon Communications (NYSE: VZ).

The analyst commented, "Verizon announced a 3-year price lock for new and existing postpaid wireless customers and a new policy for phone upgrades - its Free Phone Guarantee. We see this as a measured way to drive improved subscriber performance and the company's third major initiative designed to reinvigorate its Consumer wireless business after revamping sales incentives and the introduction of MyPlan (>50% of postpaid subs) and MyHome. We expect these initiatives to boost gross adds by closing the value perception gap vs. peers while reducing churn and believe the moves were contemplated in existing guidance for 2025. The free Phone guarantee is tiered with the highest end devices only available on the most premium unlimited plan with qualifying trade-in. Verizon is also offering savings on perks/streaming services and including free satellite messaging on qualifying devices with the ability to up-charge for voice and broadband once those capabilities become available."

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 $45.62 yesterday.

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