1 Wall Street Analyst Thinks Verizon Stock Is Going to $48. Is It a Buy Around $40?
Investors wanting to dial into some robust, double-digit growth would do well to buy Verizon Communications (NYSE: VZ) stock. That's the view of one analyst tracking the giant telecom -- and he reiterated his bullish take on the shares just after the release of first-quarter results toward the end of April.
Let's pick that recommendation apart a bit. Is Verizon truly worthy of your investment dollars?
The person behind this Verizon analysis is Oppenheimer's Tim Horan, who expressed his continuing belief in the company even after those results, which some investors considered subpar. This was due to several factors, not least the sluggish (0.2%) year-over-year revenue growth that, at $33 billion, didn't quite reach the average analyst estimate. Non-GAAP (adjusted) earnings per share also fell although that figure did top prognosticator expectations.
Source Fool.com
Verizon Communications Inc. Aktie
Leichtes Kaufinteresse bei Verizon Communications Inc., mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 40 € für Verizon Communications Inc. weist auf eine leichte Verbesserung gegenüber dem aktuellen Kurs von 38.0 € hin.
