Verizon Communications Inc. which can be found using ticker (VZ) have now 24 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 64 and 33 calculating the mean target price we have $44.43. Given that the stocks previous close was at $39.32 this now indicates there is a potential upside of 13.0%. Also worth taking note is the 50 day moving average now sits at $38.81 and the 200 day moving average is $40.63. The company has a market cap of $164,724m. You can visit the company’s website by visiting: https://www.verizon.com
The potential market cap would be $186,131m based on the market consensus.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks. It also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including data, video, conferencing, corporate networking, security and managed network, local and long-distance voice, network access, and various IoT services and products, as well as FWA broadband through its wireless networks. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
The company has a dividend yield of 6.65% with the ex dividend date set at 6-4-2023 (DMY).
Other points of data to note are a P/E ratio of 7.75, revenue per share of 32.56 and a 5.55% return on assets.
