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A statement released earlier today by Vetr Inc. about Verizon Communications Inc. (NYSE:VZ) bumps the target price to $58.40

Boasting a price of $52.49, Verizon Communications Inc. (NYSE:VZ) traded -0.82% lower on the day. With the last stock price close down -1.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Verizon Communications Inc. has recorded a 50-day average of $52.55 and a two hundred day average of $52.84. Volume of trade was up over the average, with 13,279,093 shares of VZ changing hands over the typical 12,824,400

Vetr Inc. bumped up the target of Verizon Communications Inc. (NYSE:VZ) to $58.40 stating a potential upside of 0.11%.

On 9/22/2016, Vetr Inc. released a statement for Verizon Communications Inc. (NYSE:VZ) bumped up the target price from $0.00 to $58.40 that suggested an upside of 0.12%.

Performance Chart

Verizon Communications Inc. (NYSE:VZ)

With a total market value of $0, Verizon Communications Inc. has price-earnings ratio of 14.71 with a one year low of $42.20 and a one year high of $56.95 .

A total of 28 equity analysts have released a ratings update on VZ. Six equity analysts rating the company a strong buy, six equity analysts rating the company a buy, twenty-two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $51.93.

Brief Synopsis About Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (Verizon) is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks. The Company's segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales that are provided to consumer, business and government customers across the United States. The Wireline's segment offers voice, data and video communications products and services, such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. The Company provides these products and services to consumers as well as to carriers, businesses and government customers.

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