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Zacks Investment Research upgraded Verizon Communications Inc. (NYSE:VZ) to Hold in a statement released earlier today.

Zacks Investment Research has upgraded Verizon Communications Inc. (NYSE:VZ) to Hold in a statement released on Friday July 07, 2017.

On 7/5/2017, Vetr Inc. released a statement for Verizon Communications Inc. (NYSE:VZ) bumped up the target price from $0.00 to $50.65 that suggested an upside of 0.13%.

Boasting a price of $43.52, Verizon Communications Inc. (NYSE:VZ) traded 0.08% higher on the day. With the last stock price close down 1.53% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Verizon Communications Inc. has recorded a 50-day average of $45.56 and a two hundred day average of $47.34. Volume of trade was down over the average, with 10,420,529 shares of VZ changing hands under the typical 15,060,300

Performance Chart

Verizon Communications Inc. (NYSE:VZ)

With a total market value of $0, Verizon Communications Inc. has price-earnings ratio of 12.35 with a one year low of $42.80 and a one year high of $54.83 .

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. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services. The Company has combined Yahoo! Inc.'s operating assets with its existing AOL Inc. business to create a new subsidiary, Oath Inc., owns a diverse house of more than 50 media and technology brands. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, Yahoo Finance and Yahoo Mail.

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