Verizon Communications (VZ) Receives Price Target

Verizon Communications (VZ) : 17 Wall Street analysts covering Verizon Communications (VZ) believe that the average level the stock could reach for the short term is $53.88. The maximum price target given is $60 and the minimum target for short term is around $42, hence the standard deviation is calculated at $4.09.

Verizon Communications (VZ) has an average broker rating of 2.63, which is interpreted as a Hold, as rated by 24 equity analysts. Nonetheless, 5 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 14 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 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Equity Analysts at the Morgan Stanley maintains the rating on Verizon Communications (NYSE:VZ). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $59 per share to $60 per share. The rating by the firm was issued on July 28, 2016.

Verizon Communications (NYSE:VZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.14 and $52.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.56, notching a gain of 0.44% for the day. The total traded volume was 9,988,839 . The stock had closed at $52.33 on the previous day.

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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