BofA analyst David W. Barden maintained a Neutral rating on Verizon Communications Inc (NYSE:VZ) and a price target of $41 as the Consumer turnaround continues.
The analyst noted that the telecommunications conglomerate reported financial results that were generally in line with expectations and better than expected post-paid phone net additions.
Wireless post-paid phone net adds of 449k beat Barden’s estimate of 260k and the Street’s 239k. “We maintain our Neutral rating,” the analyst wrote in the note.
Verizon shared 2024 financial guidance. It sees wireless service revenue growth of 2.0% – 3.5% year-on-year (vs. ...