Verizon Communications (VZ) : 5 brokerage houses believe that Verizon Communications (VZ) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 16 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Verizon Communications (VZ). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.
Verizon Communications (VZ) : Currently there are 19 street experts covering Verizon Communications (VZ) stock. The most bullish and bearish price target for the stock is $60 and $42 respectively for the short term. The average price target of all the analysts comes to $53.9. The estimated standard deviation from the target is $3.93.
Company shares have received an average consensus rating of Hold for the current week Verizon Communications (NYSE:VZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.81 and $53.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.86, notching a gain of 0.09% for the day. The total traded volume was 7,824,815 . The stock had closed at $53.81 on the previous day.
In a related news,The officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, Silliman Craig L. sold 672 shares at $54.81 on July 27, 2016. The Insider selling transaction had a total value worth of $36,832. 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.