Verizon Communications (VZ) : Analyst Rating Update

Verizon Communications (VZ) : Zacks Investment Research ranks Verizon Communications (VZ) as 4, which is a Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 13 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 2.32, which indicates as a Buy.

Verizon Communications (VZ) : The most positive equity analysts on Verizon Communications (VZ) expects the shares to touch $56, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $52.63 with an expected fluctuation of $3.08 from the mean.

Verizon Communications (NYSE:VZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.21 and $55.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.26, notching a gain of 0.53% for the day. The total traded volume was 15,761,470 . The stock had closed at $55.97 on the previous day.

Also, In a research note released to the investors, Barclays maintains its rating on Verizon Communications (NYSE:VZ).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $51 per share to $52 per share. The rating by the firm was issued on April 18, 2016. The company shares have rallied 21.36% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $56.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $52.39 and the 200 Day Moving Average price is recorded at $50.79.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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