Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Verizon in a research note to investors on Tuesday. They now have a $49.00 price target on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Verizon in a research note to investors on Friday, March 1st. They now have a $50.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Verizon in a research note to investors on Wednesday, February 27th.
Thirteen investment analysts have rated the stock with a buy rating, three have issued an overweight rating, and seventeen have given a hold rating to the company’s stock. Verizon currently has an average rating of “overweight” and a consensus target price of $48.01.
Shares of Verizon opened at 47.735 on Wednesday. Verizon has a one year low of $36.80 and a one year high of $48.77. The stock’s 50-day moving average is currently $44.35. The company has a market cap of $136.4 billion and a P/E ratio of 155.34.
Verizon last released its earnings data on Tuesday, January 22nd. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.14. The company had revenue of $30.05 billion for the quarter, compared to the consensus estimate of $29.75 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Verizon will post $2.77 earnings per share for the current fiscal year.
Verizon Communications Inc. (Verizon) is a holding company. The Company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.