Verizon Receives “Hold” Rating from TheStreet (VZ)
“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.”
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A number of other analysts have also recently weighed in on VZ. 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. The company currently has an average rating of overweight and an average target price of $47.78.
Verizon opened at 46.53 on Wednesday. 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 $43.99. The company has a market cap of $133.0 billion and a price-to-earnings ratio of 151.56.
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