Verizon Communications Stock Rating Upgraded by Deutsche Bank (VZ)
Verizon Communications (NYSE:VZ) was upgraded by investment analysts at Deutsche Bank to a “buy” rating in a note issued to investors on Friday, Analyst Ratings News reports.
A number of other firms have also recently commented on VZ. Analysts at BMO Capital Markets cut their EPS estimates on shares of Verizon Communications in a research note on Tuesday. They now have an “outperform” rating and a $55.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Verizon Communications in a research note to investors on Tuesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Verizon Communications in a research note to investors on Tuesday, October 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Verizon Communications has a consensus rating of “Buy” and a consensus target price of $55.98.
Shares of Verizon Communications (NYSE:VZ) traded up 2.34% on Friday, hitting $50.045. The stock had a trading volume of 17,483,402 shares. Verizon Communications has a 52 week low of $40.51 and a 52 week high of $54.31. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $49.6. The company has a market cap of $143.2 billion and a price-to-earnings ratio of 89.56. Verizon Communications also was the recipient of some unusual options trading activity on Wednesday. Investors acquired 30,534 call options on the company. This is an increase of approximately 121% compared to the typical daily volume of 13,838 call options.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $30.28 billion for the quarter, compared to the consensus estimate of $30.17 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Verizon Communications will post $2.75 earnings per share for the current fiscal year.
Verizon Communications Inc (NYSE:VZ) is a holding company.