Verizon Communications Inc. with ticker code (VZ) have now 24 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 64 and 33 calculating the average target price we see 44.84. Given that the stocks previous close was at 36.55 this would indicate that there is a potential upside of 22.7%. There is a 50 day moving average of 39.98 and the 200 day moving average is 42.12. The market cap for the company is $154,052m. Company Website: https://www.verizon.com
The potential market cap would be $188,992m based on the market concensus.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks. It also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including data, video, conferencing, corporate networking, security and managed network, local and long-distance voice, network access, and various IoT services and products, as well as FWA broadband through its wireless networks. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
