Markets

Verizon Upgraded to “Buy” at UBS (VZ)

Telecom giant Verizon Communications Inc. ( VZ ) on Monday caught a big upgrade from analysts at UBS.

The firm said it boosted its rating on VZ from "Neutral" to "Buy" with a $42 price target. That target suggests a nearly 19% upside to the stock's Friday closing price of $35.35.

UBS noted the stock has an attractive valuation offers solid growth potential.

Verizon shares rose 78 cents, or +2.2%, in premarket trading Monday.

The Bottom Line

We have been recommending shares of Verizon ( VZ ) since Oct.10, 2008, when the stock was trading at $25.93. The company has a 5.66% dividend yield, based on Friday's closing stock price of $35.35.

Verizon Communications Inc. ( VZ ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.7 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

VZ

Other Topics

Stocks

Latest Markets Videos