Verizon Communications (VZ): Price Target and June Short Interest Disclosure

Verizon Communications (VZ) : The most positive equity analysts on Verizon Communications (VZ) expects the shares to touch $59, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $52.83 with an expected fluctuation of $3.47 from the mean.

Verizon Communications (VZ) has witnessed a rise of 13.3% or 4,874,260 shares in its short figure. The short interest augmentation took it from 36,572,000 on June 15,2016 to 41,446,260 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1%. The days to cover are 2 given that the daily volume averaged 18,800,811 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Verizon Communications (NYSE:VZ). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $52 per share from a prior target of $51. The rating by the firm was issued on April 18, 2016.


Verizon Communications (NYSE:VZ): On Thursdays trading session , Opening price of the stock was $55.62 with an intraday high of $56.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.62. However, the stock managed to close at $55.84, a loss of 0.29% for the day. On the previous day, the stock had closed at $56. The total traded volume of the day was 11,098,513 shares.

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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