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Verizon Communications Inc. (NYSE:VZ) target price raised to $58.40, reported today by Vetr Inc.

Yesterday Verizon Communications Inc. (NYSE:VZ) traded 0.93% higher at $52.35. The company’s 50-day moving average is $52.71 and its 200-day moving average is $52.84. The last stock close price is down -0.92% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 12,751,895 shares of the stock were exchanged, down from an average trading volume of 13,625,500

Verizon Communications Inc. (NYSE:VZ) had its target price raised to $58.40 by Vetr Inc. in a report released 9/22/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

Previously on 09/12/2016, Vetr Inc. reported about Verizon Communications Inc. (NYSE:VZ) raised the target price from $0.00 to $58.40. At the time, this indicated a possible upside of 0.13%.

Performance Chart

Verizon Communications Inc. (NYSE:VZ)

With a total market value of $0, Verizon Communications Inc. has price-earnings ratio of 14.79 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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