Nomura Securities Starts Verizon Communications (VZ) at Neutral

Nomura Securities initiates coverage on Verizon Communications (NYSE: VZ) with a Neutral rating and a price target of $47.00.

Analyst Jeffrey Kvaal commented, "We initiate coverage of Verizon Communications Inc. (VZ) with a Neutral rating and a $47 target price, based on 12x our 2016/2017 EPS estimate of ~$4.00. Verizon’s leading mobile network and history of crisp execution support stability in its sales and free cash flow. However, we think it offers a clouded 2016 EPS growth story and low visibility into growth beyond 2016. We await a better growth story on this quality company."

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 $44.67 yesterday.

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