Analyst Rating Update on Verizon Communications (VZ)

Verizon Communications (VZ) : The consensus on Verizon Communications (VZ) based on 26 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 16 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Verizon Communications (VZ) : The highest short term price target forecast on Verizon Communications (VZ) is $60 and the lowest target price is $42. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $53.9 with a standard deviation of $3.93.

Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley maintains its rating on Verizon Communications (NYSE:VZ). The global brokerage major raises the current price target from $59 per share to $60 per share. Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The rating by the firm was issued on July 28, 2016.


Verizon Communications (NYSE:VZ): The stock opened at $54.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $54.20 for the day. The stock traded down to $53.63 during the day, due to lack of any buying support eventually closed down at $53.90 with a loss of -0.19% for the day. The stock had closed at $54.00 on the previous day. The total traded volume was 10,421,889 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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