Do Analysts Expect Verizon Communications Inc. (VZ) Stock to Rise After It Has Fallen -5.02% in a Month?

Friday, March 24, 2023 10:01 AM | InvestorsObserver Analysts

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InvestorsObserver is giving Verizon Communications Inc. (VZ) an Analyst Rating Rank of 24, meaning VZ is ranked higher by analysts than 24% of stocks. The average price target for VZ is $47.764 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating VZ a Buy today. Find out what this means to you and get the rest of the rankings on VZ!
See Full VZ Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Verizon Communications Inc. Stock Today?

Verizon Communications Inc. (VZ) stock is trading at $37.31 as of 9:51 AM on Friday, Mar 24, a drop of -$0.06, or -0.16% from the previous closing price of $37.37. The stock has traded between $37.30 and $37.53 so far today. Volume today is low. So far 697,363 shares have traded compared to average volume of 19,642,226 shares. Click Here to get the full Stock Report for Verizon Communications Inc. stock.

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