TMCnet News
Upgrade Alert for Verizon Communications (VZ)Dec 03, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Verizon Communications (NYSE:VZ) was upgraded from Neutral to Buy at Nomura today. The stock closed yesterday at $44.12 on volume of 17.0 million shares, above average daily volume of 13.9 million. 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. Verizon Communications share prices have moved between a 52-week high of $48.77 and a 52-week low of $36.01 and closed yesterday at 23% above that low price at $44.12 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%. Potential upside of 6.0% exists for Verizon Communications, based on a current level of $44.12 and analysts' average consensus price target of $46.78. The stock should find resistance at its 50-day moving average (MA) of $44.76, as well as support at its 200-day MA of $41.91. SmarTrend is monitoring the recent change of momentum in Verizon Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Verizon Communications in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |