From MarketBeat:



Verizon Communications was downgraded by StockNews.com from a “buy” rating to a “hold” rating, but several other analysts have given the company “buy” or “outperform” ratings. The company’s stock is currently trading at $37.49 on the NYSE, with a market capitalization of $157.59 billion. Verizon Communications last reported earnings of $1.22 per share, exceeding analysts’ expectations. Insider activity includes executive vice president Craig L. Silliman selling shares of the company. Institutional investors and hedge funds own 61.06% of the company’s stock. Verizon Communications provides communications, technology, information, and entertainment products and services globally, operating in two segments: Verizon Consumer Group and Verizon Business Group. While the company currently has a “Moderate Buy” rating among analysts, top-rated analysts believe there are five other stocks that are better buys. Additionally, beginner investors can consider 10 simple stocks to help build long-term wealth.



Original: Verizon Communications (NYSE:VZ) Downgraded by StockNews.com