Can We Expect Upside Potential in Verizon’s Stock Price?



Ratings and target price

Wall Street analysts are maintaining a neutral outlook on Verizon (VZ) stock. According to Reuters data, among the 30 analysts tracking Verizon, 40% have given it “buy” recommendations, and 60% have given it “holds.” No analysts have given the stock “sells” as of April 15.

Analysts have a consensus target price of $59.54 per share on Verizon stock, which indicates a potential upside of ~1.4% based on its closing price of $58.71 on April 15. Currently, the company is trading 27.4% higher than its 52-week low of $46.09 and 4.7% lower than its 52-week high of $61.58.

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Verizon has generated returns of 23.2% in the trailing-12-month period and 0.6% in the trailing-one-month period. Verizon’s share price has fallen 0.7% in the last five trading days. In comparison, AT&T (T), T-Mobile (TMUS), and Sprint (S) have generated returns of -1.1%, 3.6%, and 1.9%, respectively, in the last five trading days.

Analysts’ estimates

Analysts expect Verizon to report a ~0.8% rise in revenue to $132.0 billion in 2019 compared to $130.9 billion in 2018. Its adjusted EPS are expected to be $4.66 in 2019 compared to $4.71 in 2018.

Bollinger Band

In the April 15 trading session, Verizon stock closed at $58.71, near its Bollinger Band midrange level of $58.99, suggesting that it was neither oversold nor overbought.


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