• Analysts had mixed views on Verizon Communications Inc (NYSE: VZ) post Q4 earnings.

  • Deutsche Bank analyst Bryan Kraft raised the price target on Verizon to $59 from $57 (15% upside) and reiterated a Hold rating on the shares.

  • The analyst sees about 8% upside in the stock over the next 12 months, with the target increasing on higher out year free cash flow estimates, notwithstanding the reduction to his 2022 estimate due to a pull forward in C-Band Capex from 2023, higher working capital usage, and higher cash taxes.

  • Related Content: Verizon Q4 Earnings Beat Consensus; Sees FY22 EPS Above Expectations

  • JPMorgan analyst Philip Cusick downgraded Verizon to Neutral from Overweight with a price target of $56, down from $62 (9% upside).

  • The wireless industry could see a slowdown in postpaid phone growth in 2022, and beyond with the potential for increased wireless competition from AT&T Inc (NYSE: T), T-Mobile US Inc (NASDAQ: TMUS), DISH Network Corp (NASDAQ: DISH), and cable companies, Cusick contended.

  • Price Action: VZ shares traded lower by 2.77% at $51.44 on the last check Wednesday.

Latest Ratings for VZ

Jan 2022

JP Morgan




Jan 2022

Tigress Financial



Dec 2021

Daiwa Capital

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See more from Benzinga

  • Verizon Q4 Earnings Beat Consensus; Sees FY22 EPS Above Expectations

  • Here's Why Tigress Financial Remains Bullish On Verizon

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