InvestorsObserver gives Verizon Communications Inc. (VZ) an analyst rating of 19, meaning VZ is ranked higher by analysts than 19% of stocks. The average price target for VZ is $59.588 and analysts rate the stock as a buy.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.
What’s going on with Verizon Communications Inc. stock today?
Verizon Communications Inc. (VZ) stock remains unchanged at 0% while the S&P 500 fell -0.82% at 3:36 p.m. Wednesday, June 8. VZ remains unchanged at $0.00 from the previous closing price of $51.65 on volume of 8,346,387 shares. Over the past year, the S&P 500 has fallen -2.38% while the VZ has fallen -9.62%. VZ has earned $5.14 per share over the past 12 months, giving it a price-earnings ratio of 10.04. Click here for the full Verizon Communications Inc. stock report.
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