Analysts Have Conflicting Sentiments on These Communication Services Companies: Verizon (VZ) and Sphere Entertainment (SPHR)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Verizon (VZ) and Sphere Entertainment (SPHR).
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Verizon (VZ)
Morgan Stanley analyst Sean Diffley initiated coverage with a Hold rating on Verizon today and set a price target of $49.00. The company’s shares closed last Wednesday at $45.03.
According to TipRanks.com, Diffley is a 2-star analyst with an average return of
Verizon has an analyst consensus of Moderate Buy, with a price target consensus of $50.97, implying a 12.4% upside from current levels. In a report issued on April 13, RBC Capital also maintained a Hold rating on the stock with a $48.00 price target.
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Sphere Entertainment (SPHR)
In a report released yesterday, David Karnovsky from J.P. Morgan maintained a Buy rating on Sphere Entertainment, with a price target of $143.00. The company’s shares closed last Wednesday at $132.41.
According to TipRanks.com, Karnovsky is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sphere Entertainment with a $139.00 average price target, which is a 3.0% upside from current levels. In a report issued on April 2, Guggenheim also assigned a Buy rating to the stock with a $160.00 price target.
Read More on VZ:
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