Steady Stock: Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ) received “Reiterated” rating by Barclays in a research note issued to investors on Apr-13-17 as Equal Weight from $52 to $49.

Additionally on Feb-21-17 the stock was “Upgraded” by MoffettNathanson from Neutral to Buy and on Jan-25-17 the stock was “Downgraded” by RBC Capital Mkts from Outperform to Sector Perform from $54 to $51. Furthermore on Jan-25-17 the stock was “Downgraded” by Raymond James from Outperform to Mkt Perform.

On the other hand the company has Relative Strength Index (RSI 14) of 58.60 along with Average True Range (ATR 14) of 0.53, Consequently Verizon Communications Inc. (NYSE:VZ)’s weekly and monthly volatility is 1.14%, 1.08% respectively. The company’s beta value is at 0.47.

In terms of Buy, Sell or Hold recommendations, Verizon Communications Inc. (NYSE:VZ) has an analyst’s mean recommendation of 2.70. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Verizon Communications Inc. (NYSE:VZ) shares traded 0.84% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $51.82 within the next 52-weeks. The mean target projections are based on 22 opinions, the mean target was last revised on 04/17/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $59.00 and with a conservative view have low price target of $42.00 with a standard deviation of $3.76. If seeing target price from optimistic overview then it has a 20 percent upside potential from the latest closing price of $49.22.

While considering growth estimates of the company, it has next quarter growth estimates of 6.40% whereas during current quarter it has -7.50% estimations over growth, comparing to the estimations of -0.80% during current year and 2.60% for next year. Past 5 years growth of Verizon Communications Inc. (NYSE:VZ) observed at 13.91%, looking forward for the next 5 years it has a strong prediction of 1.81% over growth.

Verizon Communications Inc. (NYSE:VZ)’s revenue estimates for the current quarter are $30.67B according to 20 number of analysts, for the current quarter the company has high revenue estimates of $32.2B in contradiction of low revenue estimates of $29.67B. For the current year the company’s revenue estimates are $124.99B compared to low analyst estimates of $121.18B and high estimates of $128B according 29 number of analysts.

Verizon Communications Inc. (NYSE:VZ)’s trailing twelve month revenues are $125.98B, whereas its price to sales ratio for the same period is 1.59. Its book value per share for the most recent quarter is $5.52 while its price to book ratio for the same period is 8.92, as for as the company’s cash per share for the most recent quarter is $0.71, however its price to cash per share ratio for the same period is 69.73. The stock has a current PEG of 9.10 where as its P/E ratio is 15.32.

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