Verizon: Analysts’ Recommendations before Its Q1 Results



Ratings and target price

Wall Street analysts are maintaining a neutral outlook on Verizon (VZ) stock. Among the 30 analysts tracking Verizon stock, 18 recommended a “hold,” while 12 recommended a “buy.” None of the analysts recommended a “sell.”

Analysts have a consensus target price of $59.54 per share on Verizon stock, which indicates an upside of ~1.1% based on its closing price of $58.87 on April 3.

Verizon has generated returns of 23.9% in the trailing 12-month period and 3.4% in the trailing one-month period. Verizon’s share price has fallen 3.3% in the last five trading days. AT&T (T), T-Mobile (TMUS), and Sprint (S) have generated returns of 1.5%, -4.5%, and -7.3%, respectively, in the last five trading days.

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Analysts’ estimates

Analysts expect Verizon to report ~1.0% revenue growth to $132.2 billion in 2019—compared to $130.9 billion in 2018. The company’s adjusted EPS is expected to be $4.66 in 2019—compared to $4.71 in 2018.

Bollinger Band

In the trading session on April 3, Verizon stock closed at $58.87, which is near its Bollinger Band mid-range level of $58.47. The level suggests that Verizon stock isn’t oversold or overbought.


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