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Upgrade Alert for Verizon Communications (VZ)
[February 01, 2013]

Upgrade Alert for Verizon Communications (VZ)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Verizon Communications (NYSE:VZ) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $43.61 on volume of 12.6 million shares, below average daily volume of 14.6 million. There is potential upside of 7.6% for shares of Verizon Communications based on a current price of $43.61 and an average consensus analyst price target of $46.94. Verizon Communications shares have support at the 50-day moving average (MA) of $43.48 and additional support at the 200-day MA of $43.38.

In the past 52 weeks, Verizon Communications share prices have been bracketed by a low of $36.80 and a high of $48.77 and closed yesterday at $43.61, 19% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Verizon Communications Inc. is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government including business phone lines, data services, telecommunications equipment and payphones.


SmarTrend is tracking the current trend status for Verizon Communications and will alert subscribers who have VZ in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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