UPDATE: Redburn Starts Verizon Communications (VZ) at Sell

June 25, 2021 2:53 AM EDT
Get Alerts VZ Hot Sheet
Price: $55.30 -0.13%

Rating Summary:
    15 Buy, 27 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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(Updated - June 25, 2021 9:21 AM EDT)

Redburn analyst Steve Malcolm initiates coverage on Verizon Communications (NYSE: VZ) with a Sell rating, PT $50.00.

The analyst comments "Verizon has an enviable track record for a scale telecom incumbent.But as an equity, it faces likely revenue disappointment versus over-bullish guidance, rising capital requirements and falling ROCE. With only a 5% true cash yield, there is insufficient room for error. We rate the shares Sell, with a $50 fair value."

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 $56.37 yesterday.

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