Oppenheimer analyst Timothy Horan maintained a Buy rating on Verizon (VZ) today and set a price target of $70.00. The company’s shares closed last Friday at $57.93.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 16.3% and a 73.9% success rate. Horan covers the Technology sector, focusing on stocks such as Limelight Networks, GTT Communications, and Boingo Wireless.
Verizon has an analyst consensus of Moderate Buy, with a price target consensus of $60.33.
See today’s analyst top recommended stocks >>
Verizon’s market cap is currently $239.8B and has a P/E ratio of 12.50. The company has a Price to Book ratio of -3.55.
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:
