Verizon Communications Inc. (NYSE:VZ) is one of the top most undervalued low volatility stocks to buy now. On August 11, TD Cowen analyst Gregory Williams maintained a Buy rating on Verizon Communications Inc. (NYSE:VZ), retaining a price target of $56.00.
The analyst reasoned that Verizon Communications Inc.’s (NYSE:VZ) management exhibited confidence in the attainment of its EBITDA growth targets, supported by strategic cost-saving measures and strong service revenue growth.
He added that Verizon Communications Inc. (NYSE:VZ) has a disciplined approach to customer acquisition, and its AI integration in customer care is anticipated to boost operational efficiency.
TD Cowen also raised the firm’s price target on Verizon Communications Inc. (NYSE:VZ) to $56 from $50 on July 22, keeping a Buy rating on the shares.
Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment services and products. Its operations are divided into the Consumer and Business segments.
The Consumer segment manages consumer-focused wireline and wireless communication products and services. In contrast, the Business segment focuses on services and products such as data, FWA broadband, video and conference services, corporate networking solutions, and more.
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Disclosure: None. This article is originally published at Insider Monkey.
