From Financial Modeling Prep: 2025-04-11 09:13:00

Verizon Communications (NYSE:VZ) saw a 1% pre-market rise after Evercore ISI upgraded it to Outperform with a new price target of $48. Despite trailing AT&T and T-Mobile, Verizon’s 11% total return this year is promising. Operational improvements, postpaid subscriber gains, and the pending Frontier acquisition could unlock $5 billion in annual excess capacity by 2027.

Evercore believes Verizon’s conservative approach in a competitive market is paying off, with steady postpaid subscriber growth, strong business wireless performance, and consistent broadband expansion. The firm sees the pending Frontier acquisition as a strategic move that could enhance financial flexibility and shareholder returns, positioning Verizon as a top value play in the wireless sector.



Read more at Financial Modeling Prep:: Verizon Becomes Top Wireless Pick at Evercore, Rat…