13 Mar

What Are Analysts’ Latest Recommendations for Verizon?

WRITTEN BY Andrew Smith FEATURED IN Wall Street Ratings and Tech & Comm Services

Analyst recommendations

Of the 30 analysts tracking Verizon (VZ) stock, 40% recommend a “buy,” while 60% recommend a “hold.” None of the analysts recommend a “sell.” Analysts expect Verizon stock to rise ~3.2% over the next 12 months. Their recommendations show a consensus 12-month target price of $59.42 compared to the stock’s price of $57.58 on March 11. The target price has risen from $59.14 a month ago.

What Are Analysts’ Latest Recommendations for Verizon?

Verizon has generated returns of 17.5% in the trailing-12-month period and 6.5% in the trailing-one-month period. Verizon stock has increased by 2.4% in the last five trading days. In comparison, AT&T (T), Sprint (S), and T-Mobile (TMUS) have generated returns of 0.8%, -4.4%, and -0.3%, respectively, in the last five trading days.

Bollinger Band

In the March 11 trading session, Verizon stock closed at $57.58, which is near its upper Bollinger Band level of $57.98, which suggests that Verizon stock is overbought and that investors may want to sell.

Wall Street analysts’ estimates

Wall Street analysts expect Verizon to report a ~1.0% rise in revenue to $132.2 billion in 2019 as compared to $130.9 billion in 2018. Its adjusted EPS are expected to be $4.66 in 2019 as compared to $4.71 in 2018.

Latest articles

Yesterday, Apple (AAPL) launched a newly upgraded range of its iPad Air and iPad mini devices ahead of its March 25 special event.

19 Mar

Nike Gears Up to Deliver Its Q3 2019 Results

WRITTEN BY Sharon Bailey

Nike (NKE) is scheduled to report its earnings results for the third quarter of fiscal 2019 after the market closes on March 21.

On March 18, Chesapeake Energy’s (CHK) implied volatility was 51.9%, which is ~14.7% less than its 15-day average.

19 Mar

Sprint’s Revenue and Earnings Growth

WRITTEN BY Andrew Smith

Sprint (S) reported an adjusted EPS of $0.06 in the first nine months of fiscal 2018—compared to $0.08 during the same period in fiscal 2017.

19 Mar

Oil Bulls: US Oil Exports Tend to Fall More

WRITTEN BY Robert Scott

On March 18, Brent crude oil May futures settled ~$8.2 higher than the WTI crude oil May futures. On March 11, the spread was ~$9.5.

Out of the 34 analysts covering Broadcom (AVGO), 25 analysts rated the stock a “buy,” while nine analysts rated the stock a “hold."