Short Term Price Target on Verizon Communications (VZ)

Verizon Communications (NYSE:VZ) : The most positive equity analysts on Verizon Communications (NYSE:VZ) expects the shares to touch $56, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $52.63 with an expected fluctuation of $3.08 from the mean.

Shares of Verizon Communications Inc. rose by 2.14% in the last five trading days and 10.73% for the last 4 weeks. Verizon Communications Inc. is up 4.48% in the last 3-month period. Year-to-Date the stock performance stands at 23.59%. Also, Equity Analysts at the Barclays maintains the rating on Verizon Communications (NYSE:VZ). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $51 per share to $52 per share. The rating by the firm was issued on April 18, 2016.

Verizon Communications (NYSE:VZ) has an average broker rating of 2.27, which is interpreted as a Buy, as rated by 26 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Verizon Communications (NYSE:VZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.27 and $54.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.84, notching a gain of 1.42% for the day. The total traded volume was 22,143,337 . The stock had closed at $55.06 on the previous day.

In an insider trading activity,The officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, Silliman Craig L. sold 672 shares at $49.8 on May 26, 2016. The Insider selling transaction had a total value worth of $33,466. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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