Verizon: How Wall Street Analysts Are Rating the Stock
By Shirley PeltsUpdated
Analyst recommendations for Verizon
In the previous part of the series, we looked at some updates for Verizon Communications (VZ). Now let’s look at what Wall Street analysts recommend for Verizon. Wall Street’s median target price for Verizon was $52 as of March 30, 2017. The integrated telecom player’s closing price was $49.06, 13.8% below its 52-week high point of $56.95.
As you can see in the above chart, 22 of the 32 recommendations for Verizon were “hold” as of March 31, 2017. There were nine “buy” recommendations and one “sell” recommendation.
Verizon’s positive price performance
In the past month and the past three months, Verizon’s price performance has been in negative territory as of March 30, 2017. In the past month, the company’s stock price fell ~1.2%. In the past three months, the stock price fell 8.1% as of March 30.
For diversified exposure to some US telecom companies, you can consider investing in the SPDR S&P 500 ETF (SPY). The ETF had a total of ~2.7% in AT&T (T), Verizon, CenturyLink (CTL), Level 3 Communications (LVLT), and Frontier Communications (FTR) at the end of March 2017.
