In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Verizon (VZ – Research Report), with a price target of $46.00. The company’s shares opened today at $40.54.
Horan covers the Technology sector, focusing on stocks such as Microsoft, Ondas Holdings, and Amdocs. According to TipRanks, Horan has an average return of 13.8% and a 66.60% success rate on recommended stocks.
Currently, the analyst consensus on Verizon is a Moderate Buy with an average price target of $47.33, a 16.75% upside from current levels. In a report released today, Cowen & Co. also maintained a Buy rating on the stock with a $49.00 price target.
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VZ market cap is currently $166.4B and has a P/E ratio of 8.62.
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Verizon Communications, Inc. provides wireless and wireline communications services and products through its two segments: Verizon Consumer Group and Verizon Business Group. The Verizon Business segment also offers video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.
Read More on VZ:
- Verizon expects capital spending of $17B in 2024
- Verizon Declines after Outlook disappoints; Q4 EPS In Line
- Verizon reports Q4 wireless postpaid phone net additions of 217,000
- Verizon reports Q4 broadband net additions 416,000
- Strong wireless service revenue growth highlights Verizon’s 4Q and 2022 results