Verizon Still Overvalued After Vodafone Deal

Verizon Communications Inc. (NYSE:VZ) agreed to pay an astounding $130 billion for part of its North American wireless business owned by Vodafone Group plc (LON:VOD) last Sunday, after years of speculation. Despite the symbolic release involved in the deal, the market doesn't seem too impressed with the move, and some still think Verizon Communications Inc. (NYSE:VZ) stock is overpriced.

In a report on the acquisition, JPMorgan Chase & Co. (NYSE:JPM) analyst Philip Cusick didn't put a price target or a rating on Verizon Communications Inc. (NYSE:VZ), and remained cautious about the company. There are a lot of issues to deal with and obstacles to overcome...