Of the 30 analysts tracking Verizon (VZ) stock, 40% recommend a “buy,” while 60% recommend a “hold.” None of the analysts recommend a “sell.” Analysts expect Verizon stock to rise ~3.2% over the next 12 months. Their recommendations show a consensus 12-month target price of $59.42 compared to the stock’s price of $57.58 on March 11. The target price has risen from $59.14 a month ago.
Verizon has generated returns of 17.5% in the trailing-12-month period and 6.5% in the trailing-one-month period. Verizon stock has increased by 2.4% in the last five trading days. In comparison, AT&T (T), Sprint (S), and T-Mobile (TMUS) have generated returns of 0.8%, -4.4%, and -0.3%, respectively, in the last five trading days.
In the March 11 trading session, Verizon stock closed at $57.58, which is near its upper Bollinger Band level of $57.98, which suggests that Verizon stock is overbought and that investors may want to sell.
Wall Street analysts’ estimates
Wall Street analysts expect Verizon to report a ~1.0% rise in revenue to $132.2 billion in 2019 as compared to $130.9 billion in 2018. Its adjusted EPS are expected to be $4.66 in 2019 as compared to $4.71 in 2018.