How High Can Verizon Communications Inc. (NYSE:VZ) Stock Go?

Verizon Communications Inc. (NYSE:VZ) shares traded 0.52% during the most recent session the stock exchanged hands 19.57M shares versus average trading capacity of 16.61M shares, yielding a market cap of $188.39B. Wall Street analysts covering the stock are projecting that the stock will reach $50.52 within the next 52-weeks. The mean target projections are based on 21 opinions, the mean target was last revised on 04/21/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Verizon Communications Inc. (NYSE:VZ) high price target of $59.00 and with a conservative view have low price target of $38.00 with a standard deviation of $3.08. If seeing target price from optimistic overview then it has a 28 percent upside potential from the latest closing price of $46.15.

Verizon Communications Inc. (NYSE:VZ) “Downgraded” by Argus in a research note issued to investors on Apr-21-17 from Buy to Hold.

Additionally on Apr-13-17 Verizon Communications Inc. (NYSE:VZ) was “Reiterated” by Barclays as Equal Weight from $52 to $49 and on Feb-21-17 the stock was “Upgraded” by MoffettNathanson from Neutral to Buy. Furthermore on Jan-25-17 the stock was “Downgraded” by RBC Capital Mkts from Outperform to Sector Perform from $54 to $51.

On the other hand the company has Relative Strength Index (RSI 14) of 32.31 along with Average True Range (ATR 14) of 0.60, Consequently Verizon Communications Inc. (NYSE:VZ) weekly and monthly volatility is 1.09%, 1.24% respectively. The company’s beta value is at 0.47.

In terms of Buy, Sell or Hold recommendations, Verizon Communications Inc. (NYSE:VZ) has analysts’ 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.

Analysts who have weighed in on projected earnings growth are expecting that Verizon Communications Inc. (NYSE:VZ) will report earnings of $0.96 for the current quarter, however the company’s high EPS estimates are $1.01 and low estimates are $0.91. However the company reported $0.94 earnings per share for the same quarter during last year.

Previously Verizon Communications Inc. (NYSE:VZ) reported $0.95 earnings per share (EPS) for the quarter on 4/20/2017 Before Market Open, missing the consensus estimate of $0.98 by -$0.03. The company posted an earnings surprise of -3.06%.

While considering growth estimates of the company, it has next quarter growth estimates of -4.00% whereas during current quarter it has 2.10% estimations over growth, comparing to the estimations of -2.60% during current year and 2.10% for next year. Past 5 years growth of Verizon Communications Inc. (NYSE:VZ) observed at 12.36%, looking forward for the next 5 years it has a strong prediction of 2.46% over growth.

Verizon Communications Inc. (NYSE:VZ) revenue estimates for the current quarter are $29.96B according to 19 number of analysts, for the current quarter the company has high revenue estimates of $31.18B in contradiction of low revenue estimates of $29.42B. For the current year the company’s revenue estimates are $122.82B compared to low analyst estimates of $120.04B and high estimates of $125.5B according 26 number of analysts.

Currently Verizon Communications Inc. (NYSE:VZ) shares owned by insiders are 0.01%, whereas shares owned by institutional owners are 65.50%. However the six-month change in the insider ownership was recorded -11.36%, as well as three-month change in the institutional ownership was recorded -0.27%.

Verizon Communications Inc. (NYSE:VZ) trading -15.33% away from its 52 week high of $54.51 and +2.59% far from the stock’s low point over the past 52 weeks, which was $44.99. The stock hit its 52-week high on 07/05/16, and 52-week low on 05/02/17. The company’s trailing twelve month income is 12.27B dollars and is paying 5.01% dividend yield annually.

Verizon Communications Inc. (NYSE:VZ) trailing twelve month revenues are $123.62B, whereas its price to sales ratio for the same period is 1.55. Its book value per share for the most recent quarter is $5.76 while its price to book ratio for the same period is 8.01. The stock has a current PEG ratio of 6.25 where as its trailing twelve month P/E ratio is 15.37.

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