Verizon Communications Inc. – Consensus Says Potential 16.0% Increase

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Verizon Communications Inc. with ticker code (VZ) now have 26 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 71 and 52 with an average TP of 60.15. With the stock’s previous close at 51.85, this indicates that there is upside potential of 16.0%. The 50-day MA is 53.23 and the 200-day moving average is 55.53. The market capitalization of the company is $ 216,282 million. You can visit the company’s website by visiting: http://www.verizon.com

Verizon Communications Inc. provides communications, technology, information and entertainment products and services to consumers, businesses and government entities around the world. Its Consumer segment offers postpaid and prepaid service packages; Internet access on laptops and tablets; wireless equipment, including smartphones and other handsets; and wireless internet devices, such as tablets, and other wirelessly connected devices, such as smartwatches. It also provides residential fixed connectivity solutions, including Internet, video and voice services; and sells network access to mobile virtual network operators. As of December 31, 2020, it had approximately 94 million retail wireless connections, 7 million broadband connections, and 4 million Fios video connections. The Business segment of the Company provides network connectivity products, including private networks, private cloud connectivity, virtual and software-defined networks, and Internet access services; and Internet Protocol-based voice and video services, unified communication and collaboration tools, and customer contact center solutions. This segment also offers a suite of data management and security services; national and global voice and data solutions, including voice calls, messaging services, conferencing, contact center solutions, and private line and data access networks; equipment of customer premises; installation, maintenance and site services; and Internet of Things products and services. As of December 31, 2020, it had approximately 27 million retail postpaid wireless connections and 482,000 broadband connections. Verizon Communications Inc. has strategic partnerships with Mastercard Incorporated and Project Kuiper. 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.

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