Verizon (NYSE: VZ)‘s stock had its “hold” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Wednesday.
The analysts wrote, “Verizon Communications (VZ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Verizon from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, February 14th. They now have a $48.00 price target on the stock. Separately, analysts at Piper Jaffray upgraded shares of Verizon from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, February 1st. They now have a $50.00 price target on the stock, up previously from $45.00. Finally, analysts at New Street Research reiterated a “neutral” rating on shares of Verizon in a research note to investors on Thursday, January 31st. They now have a $43.00 price target on the stock.
Thirteen investment analysts have rated the stock with a buy rating, three have given an overweight rating, and eighteen have assigned a hold rating to the company’s stock. Verizon currently has an average rating of “overweight” and a consensus target price of $47.78.
Shares of Verizon traded up 0.50% during mid-day trading on Wednesday, hitting $46.35. Verizon has a 52 week low of $36.80 and a 52 week high of $48.77. The stock’s 50-day moving average is currently $43.89. The company has a market cap of $132.5 billion and a P/E ratio of 150.23.
Verizon last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.14. The company had revenue of $30.05 billion for the quarter, compared to the consensus estimate of $29.75 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Verizon will post $2.77 EPS for the current fiscal year.
Verizon Communications Inc. (Verizon) is a holding company. The Company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies.
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