NEW YORK (TheStreet) -- Shares of Verizon Communications
(VZ - Get Report)
are trading lower by 0.66% to $47.86 in pre-market trading on Wednesday
after the telecommunications company was downgraded to "equal weight"
from "overweight" by analysts at Barclays this morning.
The firm lowered its price target to $51 from $54 on shares of Verizon, saying that 2015 is likely to be a transition year for the phone carrier.
Barclays analysts expect large scale consolidation to ease in 2015 amid the unfavorable regulatory environment, and believes competitive pressures will remain intense.
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Barclays' preferred name in the telecommunications space remains T-Mobile (TMUS) .
New York City-based Verizon delivers broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.
Read more Click here / www.trade4x.net
The firm lowered its price target to $51 from $54 on shares of Verizon, saying that 2015 is likely to be a transition year for the phone carrier.
Barclays analysts expect large scale consolidation to ease in 2015 amid the unfavorable regulatory environment, and believes competitive pressures will remain intense.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Barclays' preferred name in the telecommunications space remains T-Mobile (TMUS) .
New York City-based Verizon delivers broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.
Read more Click here / www.trade4x.net
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