Analyst Revises Verizon Communications Inc. (NYSE:VZ) Stock Target


Verizon Communications Inc. (NYSE:VZ) mean price target is revealed at $54.09 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.91 in the coming quarter and $3.89 for the ongoing fiscal. The market cap of Verizon Communications Inc. Com was $211.48B after the equity closed at $51.98 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Verizon Communications Inc. (NYSE:VZ) has a P/E ratio of 14.66. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Verizon Communications Inc. (NYSE:VZ) PEG ratio sits at 4.28. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Verizon Communications Inc. Com visibly elucidates that the 50-day MA of Verizon Communications Inc. Com is $53.30, and stock is trading $-1.42 points away or -2.67% from 50-day moving average of $53.30. It is trading $-0.97 or -1.83% away 200-day moving average of $52.85. Verizon Communications Inc. (NYSE:VZ) 52-week high is $56.95 and the 52-week low is $42.20. This represents that if the equity moves $-5.07 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +22.94%, then the share price can log a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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