Where Will Verizon Communications Stock Be in 1 Year?
Verizon Communications' (NYSE: VZ) stock price jumped 9% on Oct. 24 after the telecom giant released its third-quarter earnings report. Its revenue declined 3% year over year to $33.3 billion but matched analysts' expectations. Its adjusted EPS fell 8% to $1.22 but exceeded the consensus forecast by $0.04 per share.
Verizon cleared Wall Street's low bar, but will its stock finally bottom out and bounce back over the next 12 months? Let's review the company's progress toward resolving its three biggest challenges to see if it's finally worth buying again.
Image source: Getty Images.
Source Fool.com
Verizon Communications Inc. Aktie
37,12 €
-0,19 %
Die Verizon Communications Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 42 € für Verizon Communications Inc. zeigt ein leicht positives Potenzial im Vergleich zum aktuellen Kurs von 37.12 €.
