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Deutsche Bank Adds to Verizon Stake as Other Banks Increase Holdings

Deutsche Bank logoDeutsche Bank
Sig1.85Sen+1.20Env0.00Soc0.00Gov0.00
Verizon logoVerizon
Sig1.25Sen+0.90Env0.00Soc0.00Gov0.00

Deutsche Bank AG increased its Verizon Communications holding by about 6.7% to 20,882,074 shares, worth roughly $884.1M, after buying 1,305,471 more shares. Norges Bank, Bank of America, and Bank of New York Mellon also raised stakes. BNP Paribas Exane cut its Verizon target to $44 from $46 and kept a neutral rating, while analyst views remain mostly Buy and Hold.

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