Credit Suisse Remains a Hold on Verizon (VZ)

Credit Suisse analyst Douglas Mitchelson maintained a Hold rating on Verizon (VZResearch Report) today and set a price target of $47.00. The company’s shares closed yesterday at $38.93.

According to TipRanks, Mitchelson is a 5-star analyst with an average return of 11.4% and a 55.08% success rate. Mitchelson covers the Services sector, focusing on stocks such as Comcast, Paramount Global Class B, and Charter Communications.

Verizon has an analyst consensus of Hold, with a price target consensus of $49.91.

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VZ market cap is currently $163.5B and has a P/E ratio of 7.82.

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Verizon Communications, Inc. provides wireless and wireline communications services and products through its two segments: Verizon Consumer Group and Verizon Business Group. The Verizon Business segment also offers video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.

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