Verizon Communications (VZ) Receives ‘Analyst’ Rating

Verizon Communications (VZ) : The consensus on Verizon Communications (VZ) based on 24 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 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. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Verizon Communications (VZ) : 14 Wall Street analysts covering Verizon Communications (VZ) believe that the average level the stock could reach for the short term is $53.86. The maximum price target given is $60 and the minimum target for short term is around $42, hence the standard deviation is calculated at $4.42.


Also, Major Brokerage house, Morgan Stanley maintains its ratings on Verizon Communications (NYSE:VZ). In the latest research report, Morgan Stanley raises the target price from $59 per share to $60 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

Verizon Communications (NYSE:VZ): After opening at $51.49, the stock dipped to an intraday low of $51.115 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $52.1 and the buying power remained strong till the end. The stock closed at $51.98 for the day, a gain of 0.95% for the day session. The total traded volume was 13,047,106. The stocks close on the previous trading day was $51.49.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.