22 Mar

Verizon Stock: Analysts’ Recommendations

WRITTEN BY Ambrish Shah

Analysts’ recommendations

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 Stock: Analysts’ Recommendations

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’ estimates

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.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.16.229