Verizon, Charter Communications stocks gains after Goldman Sachs upgrades to buy [MarketWatch]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: MarketWatch
Verizon, Charter Communications stocks gains after Goldman Sachs upgrades to buy Shares of Verizon Communications Inc. VZ, +1.57% are up 1.3% in premarket trading Thursday, while Charter Communications Inc. CHTR, +1.63% shares are up 1.9%, after Goldman Sachs analyst Brett Feldman upgraded both stocks to buy from neutral. He said that the keys to success for telecom companies are strong network assets and capabilities, large customer bases, and strong financials. "We believe that Verizon and Charter score well across all three factors, and are positioned as long-term leaders in broadband and 5G," Feldman wrote. "Put another way, we believe that both operators can drive attractive long-term shareholder returns by sustaining their core focus on connectivity (i.e. building strong pipes)." Verizon shares are up 5.9% over the past 12 months, while Charter shares have fallen 13%. The S&P 500 SPX, -0.09% has gained 14% in that time, while the Dow Jones Industrial Average DJIA, -0.33
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Earnings
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VZ
Sec Filings
- 4/16/24 - Form PX14A6G
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- VZ's page on the SEC website