Nomura analyst Jeff Kvaal maintained a Hold rating on Verizon (VZ) today and set a price target of $61.00. The company’s shares closed last Friday at $52.77.
According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 5.9% and a 54.0% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $61.10 average price target, representing a 15.8% upside. In a report issued on March 25, Citigroup also maintained a Hold rating on the stock with a $55.00 price target.
See today’s analyst top recommended stocks >>
Based on Verizon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $34.78 billion and net profit of $5.1 billion. In comparison, last year the company earned revenue of $34.28 billion and had a net profit of $1.94 billion.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VZ in relation to earlier this year.
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.
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products; video and data services; corporate networking solutions; security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.
Read More on VZ:
