Verizon (VZ) Receives a New Rating from a Top Analyst


In a report released today, Timothy Horan from Oppenheimer assigned a Hold rating to Verizon (VZ). The company’s shares opened today at $57.62.

Horan said:

“Verizon’s 1Q19 revenue was $32.1B, in line with our $32.1B estimate. Wireline had a slight miss at $7.26B vs. our $7.34B est and a slight beat on wireless at $16.1B vs. our $15.8B. Combined segment EBITDA of $12.2B was just below our $12.3B est, helped by a 70 bps wireline EBITDA margin beat. Verizon lost 44K phones vs. our 0 est, with churn at 0.84% vs our 0.81% est. TV was weak at -50K, and broadband came in at 52K vs our 75K est. ARPUs of $42.59 were somewhat muted during a competitive quarter, though we should see a lift with 5G adoption in 2020. Verizon increased guidance to hit a low single-digit percentage growth in 2019 adj. a call for flat.”

According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.1% and a 77.8% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.

Verizon has an analyst consensus of Moderate Buy, with a price target consensus of $61.50.

See today’s analyst top recommended stocks >>

The company has a one-year high of $61.58 and a one-year low of $46.09. Currently, Verizon has an average volume of 14.2M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts