Verizon Communications Rating Lowered to Hold at HSBC [telecom]

Have a question or want to start a discussion? Post it! No Registration Necessary.  Now with pictures!

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.

Bill Horne
(Remove QRM from my email address to write to me directly)

Site Timeline