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Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Buy VZ
up 42.73 %

Verizon Communications Inc. (VZ) rated Buy with price target $59 by Argus

Posted on: Friday,  Apr 19, 2013  9:25 AM ET by Argus

Argus rated Buy Verizon Communications Inc. (NYSE: VZ) on 04/19/2013. Previously Argus rated Buy Verizon Communications Inc. (NYSE: VZ) on 10/12/2010.,
when the stock price was $32.36. Since then, Verizon Communications Inc. has gained 42.74% as of 08/27/2015's recent price of $46.19.
If you would have followed the previous Argus's recommendation on VZ, you would have gained 42.73% of your investment in 1780 days.

Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless?s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline?s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/19/2013 9:25 AM Buy
None
51.55 59.00
as of 12/13/2013
1 Week down  -3.31 %
1 Month down  -4.30 %
3 Months up  0.16 %
1 YTD up  10.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/4/2011 8:25 AM Buy
None
38.63 44.00
10/12/2010 8:25 AM Buy
None
32.36 39.00
1/28/2010 8:25 AM Hold
None
29.64

(*) Stock Price at the time of the recommendation.
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