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Verizon Communications (VZ) Stock Rated 'Neutral' at Nomura

NEW YORK (TheStreet) -- Verizon Communications (VZ - Get Report) stock was started with a "neutral" rating and a $47 price target by analysts at Nomura this morning.

Verizon shares are decreasing by 0.06% to $44.64 on Friday.

Analysts prefer AT&T's (T) synergy story and insurgent play T-Mobile US (TMUS) over Verizon and Sprint (S), the firm said.

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In addition, Verizon has a "clouded 2016 earnings growth story and low visibility into new growth drivers beginning in 2017," according to analysts.

On top of this, Nomura is not sure if Verizon's move last year to buy out the other half of Verizon Wireless from Vodafone Group (VOD) was a good idea, given the slowing mobile industry growth at the time, Barron's noted.

Based in New York, Verizon Communications provides communications, information, and entertainment...


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