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Analysts Offer Insights on Communication Services Companies: Verizon (VZ) and Alphabet Class A (GOOGL)

Tipranks - Tue Apr 14, 4:26AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Verizon (VZ) and Alphabet Class A (GOOGL).

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Verizon (VZ)

In a report released today, Brandon Nispel from KeyBanc maintained a Hold rating on Verizon. The company’s shares closed last Friday at $46.04, close to its 52-week high of $47.36.

According to TipRanks.com, Nispel is a 4-star analyst with an average return of 4.0% and a 51.4% success rate. Nispel covers the NA sector, focusing on stocks such as Charter Communications, Cogent Comms, and Walt Disney. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $50.97 average price target, representing an 8.2% upside. In a report issued on March 31, Barclays also assigned a Hold rating to the stock with a $47.00 price target.

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Alphabet Class A (GOOGL)

Barclays analyst Trevor Young maintained a Buy rating on Alphabet Class A today and set a price target of $360.00. The company’s shares closed last Friday at $317.24.

According to TipRanks.com, Young is a 1-star analyst with an average return of -1.9% and a 49.2% success rate. Young covers the NA sector, focusing on stocks such as Booking Holdings, Revolve Group, and TripAdvisor. ;'>

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $382.07, which is a 19.4% upside from current levels. In a report issued on April 9, Bank of America Securities also maintained a Buy rating on the stock with a $370.00 price target.

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