Wolfe Research downgraded Verizon (VZ) to Peer Perform from Outperform after the company’s investor presentation at the Deutsche Bank Conference. Verizon’s cash flow looks solid, but its new outlook adds to concerns about the cost of maintaining the largest and highest priced mobile network, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon (NYSE:VZ) Gives Warning About Next Quarter
- Verizon Projects 2025 Growth Despite Q1 Challenges
- Unusually active option classes on open March 11th
- Morning Movers: 2seventy Bio skyrockets following acquisition by Bristol Myers
- Verizon sees Q1 postpaid phone net additions flat to slightly down vs. last year
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue