Verizon Communications Inc. with ticker code (VZ) have now 26 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 71 and 52 calculating the average target price we see 60.19. Now with the previous closing price of 53.79 this indicates there is a potential upside of 11.9%. The 50 day MA is 52.36 while the 200 day moving average is 54.5. The market capitalisation for the company is $223,783m. You can visit the company’s website by visiting: https://www.verizon.com
The potential market cap would be $250,409m based on the market concensus.
Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. It also provides residential fixed connectivity solutions, including internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million broadband connections, and 4 million Fios video connections. The company’s Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. Verizon Communications Inc. has strategic partnerships with Mastercard Incorporated and Project Kuiper. 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.
