Twenty-six stock market analysts issued an average “hold” rating against NYSE: VZ. Out of the twenty-six stock market analysts, one issued a recommendation of “sell” rating to Verizon Communications Inc. Meanwhile, sixteen analysts recommended a “hold” rating, and eight issued a recommendation of “Buy” Rating. The company’s one-year average objective price stands at $62.27.
What Do Stock Market Analysts Say About NYSE: VZ Buy Rating?
UBS Group increases its objective price for Verizon Communications Inc to $60.00 from $59.00. They also issued a rating of “neutral” on 27th July during a Monday report. Credit Suisse Group reissued a rating of “hold” against NYSE: VZ stocks and announced an objective price of $61.00 on 2nd July during a Thursday report. Raymond James increased its Verizon Communications Inc objective price to $64.00 from $61.00. They also issued a rating of “outperform” to the company on 27th July during a Monday report. Scotiabank increased its NYSE: VZ objective price to $64.00 Rim $63.00. They also issued a rating of “sector outperform” on 27th Humu during a Monday report. Last but not the least, Royal Bank of Canada reissued their rating of “hold” and announced an objective price of $57.00 on Verizon Communications Inc shares on 9th September during a Wednesday report.
On Friday, NYSE: VZ stock started at $59.33. The firm’s debt to equity ratio, current ratio, and quick ratio stands at 1.66, 0.96, and 0.93. Their 52 weeks low and 52 weeks high are $48.84 and $62.22 respectively. Verizon Communications Inc’s market capitalization stands at $246.51 billion. The firm’s price to earnings ratio, PEG ratio, and beta are 12.87, 3.67, and 0.46 respectively. The company’s 50 days moving average and 200 days moving average are $59.68 and $57.01.
How Did The Stock Market Hedge Funds React To Verizon Communications Inc’s “Hold” Rating?
LFA Lugano purchases NYSE: VZ stakes worth $27,000. Similarly, Toth Financial Advisory Corp purchased $34,000 worth of NYSE: VZ holdings. Laidlaw Wealth Management LLC boosted its Verizon Communications Inc holdings by 6.131.5 percent. They currently own an estimate of $36,000, which comes from 1.967,354 company shares. HighMark Wealth Management LLC also boosted its Verizon Communications Inc stakes by 52.1 percent. They currently own an estimate of $43,000, which comes from 788 company shares.
On 24th July, during a Friday report, NYSE: VZ announced its earnings for the quarter. As per reports, the company earned $1.18 per share. Zachs had predicted that Verizon Communications Inc will bring in $1.15 EPS. The firm’s quarterly revenue stands at $30.49 billion.