Verizon Communications (NYSE:VZ) continued losses for seven straight sessions as the stock closed 0.65% lower at $40.98 on Thursday.
The Delaware-based telecommunications company lost more than 3% in the last six trading sessions. VZ is down 4% over the past one month. The stock closed 0.02% lower, at $41.25 on Wednesday.
Verizon shares have gained 2.91% so far this year, compared to an almost 7% gain in the broader benchmark index.
Morgan Stanley recently resumed its coverage on Verizon with an investment rating of “equal weight.” Analysts led by Benjamin Swinburne wrote that Verizon’s rating reflects a balanced view of the stock’s attractive valuation and upside to FCF from bonus depreciation against a modest EBITDA growth outlook.
MS believes Verizon has a clear strategy to continue to improve its performance in consumer wireless and expects the pace of market share losses to slow in the coming years. However, it noted that trends in 2025 appear more challenging.
They forecast Verizon will deliver on its guidance for higher consumer postpaid net additions in 2025 vs. 2024, but with a very slim margin of error (87k in ’25 vs. 82k in ’24).
Seeking Alpha’s Quant rating has rated Verizon stock HOLD, while SA authors and sell-side analysts have rated the stock as BUY.