Verizon Stock Fell 3.0% on March 28



Verizon closed trading at $59.08

Verizon (VZ), the largest mobile operator in the United States, fell 3.0% on March 28. The stock is currently trading at $59.08, which is 28.2% above its 52-week low of $46.09 and 4.1% below its 52-week high of $61.58. Currently, Verizon stock is trading 2.0% above its 20-day moving average of $57.94, 4.6% above its 50-day moving average of $56.46, and 3.6% above its 100-day moving average of $57.02.

Verizon stock has risen 3.8% in the trailing-one-month period, 23.1% in the trailing-12-month period, and 5.1% year-to-date. Analysts’ estimates show that the stock could rise 0.7% over the next 12 months.

Revenue and EPS projections

Analysts expect Verizon’s sales to rise 1.0% YoY to $132.1 billion in fiscal 2019 and 1.1% YoY to $133.6 billion in fiscal 2020. Its adjusted EPS are expected to fall 1.1% YoY to $4.66 in fiscal 2019 and rise 2.6% YoY to $4.78 in fiscal 2020.

Of the 29 analysts tracking Verizon, 11 have recommended a “buy” for the stock, and 18 have recommended a “hold.” There are no “sell” recommendations.

On March 28, T-Mobile (TMUS), Sprint (S), and AT&T (T) fell 4.3%, 6.1%, and 1.2%, respectively.

More From Market Realist