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.
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Source Fool.com
Verizon Communications Inc. Stock
€37.44
-3.650%
We see a rather positive sentiment for Verizon Communications Inc. with 20 Buy predictions and 1 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 12.18% for Verizon Communications Inc. compared to the current price of 37.44 €.
