Morgan Stanley Thinks Verizon Stock Is Pricey

Verizon (VZ) stock has seen a decent run-up in 2018—the stock has increased 8%. Although 8% looks like a small number, it’s a decent number in a matured sector like the US Telecom industry. In comparison, AT&T (T) stock has declined 20%. AT&T has been struggling in the past few years. AT&T has been making efforts to absorb two major acquisitions—DirecTV and Time Warner. AT&T spent $67 billion to acquire DirecTV and $85 billion to acquire Time Warner.