Verizon Communications Rating Lowered to Hold at HSBC [telecom]

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Verizon Communications was downgraded by investment analysts at HSBC
from a "buy" rating to a "hold" rating in a research report issued on
Thursday, December 14th, Marketbeat reports. They presently have a
$42.80 price objective on the cell phone carrier's stock, down from
their prior price objective of $54.83. HSBC's price objective would
suggest a potential downside of 19.53% from the company's current
price. The analysts noted that the move was a valuation call.

https://ledgergazette.com/2017/12/23/verizon-communications-vz-rating-lowered-to-hold-at-hsbc.html

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Bill Horne
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