Verizon Rating Reiterated by TheStreet (VZ)
Verizon (NYSE: VZ)‘s stock had its “hold” rating restated by analysts at TheStreet in a research report issued to clients and investors on Monday.
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.”
Several other analysts have also recently commented on the stock. Analysts at Bank of America raised their price target on shares of Verizon from $45.00 to $50.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs downgraded shares of Verizon from an “outperform” rating to an “in-line” rating in a research note to investors on Wednesday, March 13th. Finally, analysts at Argus reiterated a “buy” rating on shares of Verizon in a research note to investors on Wednesday, March 13th. They now have a $54.00 price target on the stock, up previously from $6.00.
Thirteen equities research analysts have rated the stock with a buy rating, four have assigned an overweight rating, and seventeen have issued a hold rating to the stock. Verizon presently has a consensus rating of “overweight” and an average target price of $48.43.
Verizon (NYSE: VZ) opened at 48.02 on Monday. Verizon has a 1-year low of $36.80 and a 1-year high of $48.77. The stock’s 50-day moving average is currently $45.5. The company has a market cap of $137.3 billion and a price-to-earnings ratio of 156.42.
Verizon (NYSE: VZ) last released its earnings data 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 prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Verizon will post $2.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.52 per share. This represents a $2.06 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Monday, April 8th.
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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