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Analysts’ Latest Recommendations for Verizon

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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: Verizon, AT&T (T), T-Mobile (TMUS) and Sprint (S). Now let’s look at Wall Street analysts’ opinions on Verizon.

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Analysts’ recommendations on Verizon

As we can see in the chart above, on April 7, 2017, the majority of analysts recommended “holds” on Verizon stock. These recommendations represented ~68.8% of the 32 analysts covering the stock. Meanwhile, ~28.1% of analysts recommended “buys” on the stock, and the remaining ~3.1% of recommendations on the stock were “sells.”

The median target price set for Verizon by analysts was $52.00 on April 7, 2017. The carrier’s closing price was $48.66 on the same date.

Verizon’s stock price performance

Now, let’s look at Verizon’s stock price performance over the past year and month. As of April 7, 2017, Verizon’s stock price had fallen ~6.4% in the past year. Its stock price had fallen ~1.6% in the past month as of the same date.

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