Verizon: UBS downgrades 'buy' rating

(CercleFinance.com) - UBS has downgraded its rating on the Verizon Communications share from "buy" to "neutral," maintaining its target price at 59 dollars, considering that the growth prospects for the telecommunications giant are now priced in.


The broker expects fundamentals in mobile telephony to remain healthy, but it sees the risk-reward as "more balanced". "TMUS/S approval could still provide some upside," it adds.



Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.