Wall Street’s take on Verizon
In the previous part of the series, we looked at Verizon’s (VZ) value proposition among the top four mobile companies in the United States. These four players include Verizon, AT&T (T), T-Mobile (TMUS), and Sprint (S). Now let’s look at Wall Street analyst opinions of Verizon.
Wall Street analyst recommendations on Verizon
As seen in the above chart as of November 11, 2016, the majority of analysts recommended a “hold” on Verizon’s stock. These recommendations represented ~64.7% of the total 34 analysts covering the stock. Meanwhile, ~35.3% of analysts recommended a “buy” on the stock. There are no “sell” recommendations on the stock.
The median target price set by analysts for Verizon was $54.00 as of November 11, 2016. The carrier’s closing price was $46.69 as of the same date.
Verizon’s stock price performance
Now, let’s look at Verizon’s stock price performance over the past one-year and one-month period. As of November 11, 2016, Verizon’s stock price rose ~4.1% in the past one year. However, Verizon’s stock rose ~4.6% in the past one month as of the same date.