Verizon (NYSE: VZ)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Wednesday, StockRatingsNetwork.com reports.
The analysts wrote, “Verizon Communications (VZ) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Verizon in a research note to investors on Thursday, May 30th. They set an “outperform” rating and a $55.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Verizon in a research note to investors on Thursday, May 23rd. They now have a $56.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Verizon in a research note to investors on Wednesday, May 22nd. They now have a $55.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.83.
Verizon (NYSE: VZ) traded up 0.24% on Wednesday, hitting $50.02. Verizon has a 52-week low of $40.51 and a 52-week high of $54.31. The stock’s 50-day moving average is currently $51.65. The company has a market cap of $143.1 billion and a price-to-earnings ratio of 125.06.
Verizon (NYSE: VZ) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.03. The company had revenue of $29.40 billion for the quarter, compared to the consensus estimate of $29.56 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Verizon will post $2.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.52 per share. This represents a $2.06 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Monday, July 8th.
Verizon Communications Inc. (NYSE: VZ) is a holding company.