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Do Analysts Think You Should Buy Verizon Now?

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Analysts’ recommendations

Analysts have a median price target for Verizon (VZ) of $59.00. Compared to its current market price of $56.72, the target price indicates an upside of ~4% over the next 12 months. Out of the 30 analysts covering Verizon stock, 12 recommended a “buy,” and 18 recommended a “hold.” None of the analysts recommended a “sell” as of February 27.

Verizon has generated returns of 18.1% in the trailing-12-month period and 0.6% in the trailing-one-month period. Verizon’s stock price has increased by 1.7% in the last five trading days. In comparison, AT&T (T), Sprint (S), and T-Mobile (TMUS) have generated returns of 0.7%, 0.6%, and -0.9%, respectively, in the last five trading days.

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Bollinger Band

In the February 27 trading session, Verizon stock closed at $56.72, which is near its upper Bollinger Band level of $57.20. This value indicates that Verizon stock is overbought.

Revenue and EPS forecast

Analysts expect Verizon’s sales and adjusted EPS (earnings per share) to be $132.2 billion and $4.66 in fiscal 2019, and $133.8 billion and $4.78 in fiscal 2020. The telecom company had reported sales of $130.9 billion and adjusted EPS of $4.71 in fiscal 2018.

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