Verizon Communications Said 45,000 Works On Strike Will Retu

Financial News Network
August 23, 2011 AT 2:49 AM
Verizon Communications (NYSE:VZ) said 45,000 workers on strike will begin returning to the job tonight, according to a Bloomberg report, as talks continue, which may help the carrier avoid losses that it would incurred if there was a prolonged walkout.The two sides will continue to negotiate the issues as the employees return to work. Included in the matters are benefits, work flexibility and job security.Verizon Communications has a potential upside of 10.9% based on a current price of $35.13 and an average consensus analyst price target of $38.95.