Market Overview

Here's All The Sell-Side Ratings And Price Targets On Verizon Ahead Of Q4 Report

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Telecom giant Verizon Communications Inc. (NYSE: VZ) is scheduled to report its fourth quarter results ahead of the market open on Tuesday.

Analyst on average expect the company to report earnings of $0.89 per share, flat with the year-ago number, on revenues of $32.09 billion, down 6.30 percent from $34.25 billion last year.

In July 2016, Verizon negotiated an agreement with Yahoo! Inc. (NASDAQ: YHOO) to buy the latter's operating business for $4.83 billion in cash.

Shares of Verizon showed a lack of direction in 2016 and yet ended the year with a gain of 15.49 percent. However, since the start of 2017, the stock is down 2.21 percent.

Given below is Benzinga's compilation of the recent ratings and price targets on shares of Verizon:

  • Wells Fargo: Market Perform/ $53-$55 Valuation Range
  • HSBC: Buy/$61 Price Target
  • Drexel Hamilton – Buy/$54 price target
  • Citigroup – Buy
  • BTIG – Neutral
  • Pacific Crest – Equal Weight
  • Goldman Sachs – Neutral, $51

Latest Ratings for VZ

DateFirmActionFromTo
Nov 2019DowngradesBuyHold
Nov 2019DowngradesBuyNeutral
Oct 2019Initiates Coverage OnMarket Perform

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View the Latest Analyst Ratings

Posted-In: Price Target Previews Analyst Ratings Trading Ideas

 

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