According to data compiled by Reuters, as of March 20, 18 of the 30 analysts covering Verizon (VZ) stock recommended a “hold,” while 12 analysts recommended a “buy.” None of the analysts recommended a “sell.”
According to analysts’ consensus, Verizon’s mean target price was $59.50 per share on March 20, which implies an upside potential of ~3.2% over the next 12 months from its current market price of $57.67 per share. The median target price was $59.00 on March 20.
Verizon has generated returns of 20.9% in the trailing 12-month period and 3.4% in the trailing one-month period. Verizon’s share price has increased 0.02% in the last five trading days. In comparison, AT&T (T), T-Mobile (TMUS), and Sprint (S) have generated returns of 0.76%, -0.26%, and -0.32%, respectively, in the last five trading days.
Analysts expect Verizon to report ~1.0% growth in its revenues to $132.1 billion in fiscal 2019—compared to $130.9 billion in fiscal 2018. The company’s adjusted EPS is expected to be $4.66 in fiscal 2019—compared to $4.71 in fiscal 2018.