Verizon Communications Receives Consensus Recommendation of “Buy” from Analysts (NYSE:VZ)
Shares of Verizon Communications (NYSE:VZ) have received a consensus recommendation of “Buy” from the thirty-four brokerages that are presently covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.04.
A number of analysts have recently weighed in on VZ shares. Analysts at TheStreet reiterated a “buy” rating on shares of Verizon Communications in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Verizon Communications in a research note to investors on Thursday. They now have a $49.00 price target on the stock.
Shares of Verizon Communications (NYSE:VZ) traded down 0.06% during mid-day trading on Monday, hitting $46.78. The stock had a trading volume of 3,741,663 shares. Verizon Communications has a 1-year low of $44.11 and a 1-year high of $54.31. The stock’s 50-day moving average is $48.00 and its 200-day moving average is $48.59. The company has a market cap of $133.9 billion and a price-to-earnings ratio of 11.70.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $31.07 billion for the quarter, compared to the consensus estimate of $31.02 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Verizon Communications will post $3.49 EPS for the current fiscal year.
Verizon Communications Inc (NYSE:VZ) is a holding company.
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