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Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Buy VZ
up 8.68 %

Verizon Communications Inc. (VZ) upgraded to Buy by Davenport

Posted on: Friday,  Jan 11, 2008  8:25 AM ET by Davenport

Davenport rated Buy Verizon Communications Inc. (NYSE: VZ) on 01/11/2008, when the stock price was $42.50. Since
then, Verizon Communications Inc. has gained 8.68% as of 08/27/2015's recent price of $46.19.
If you would have followed this Davenport's recommendation on VZ, you would have gained 8.68% of your investment in 2785 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2008 8:25 AM Buy
None
42.50
as of 12/24/2008
1 Week down  -2.45 %
1 Month up  1.60 %
3 Months up  1.83 %
1 YTD down  -11.95 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/29/2007 3:25 PM Hold
None
46.01 50.00

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