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Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Outperform
VZ
up 59.44 %

Verizon Communications Inc. (VZ) rated Outperform by Wells Fargo

Posted on: Tuesday,  Oct 27, 2009  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Verizon Communications Inc. (NYSE: VZ) on 10/27/2009, when the stock price was $28.97. Since
then, Verizon Communications Inc. has gained 59.44% as of 08/27/2015's recent price of $46.19.
If you would have followed this Wells Fargo's recommendation on VZ, you would have gained 59.44% of your investment in 2130 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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/27/2009 8:25 AM Buy
None
28.97
as of 12/31/2009
1 Week up  4.76 %
1 Month up  11.09 %
3 Months up  20.64 %
1 YTD up  20.64 %

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