Morgan Stanley Rates Verizon Overweight On Wireless

By | February 27, 2014

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Verizon Communications’ (VZ) stock was up nearly 3% in afternoon trading in the stock market today, near 47.50, after Morgan Stanley resumed coverage of the stock with an overweight rating and a 52 price target. Morgan Stanley expects no let up in Verizon Wireless’ share of new postpaid subscriber additions despite intensifying competition. Verizon closed its $130 billion acquisition of Vodafone’s 45% stake in Verizon Wireless on Feb. 21. In Q4, Scalper1 News

Scalper1 News