Verizon Communications Inc. – Consensus Indicates Potential 29.7% Upside

Verizon Communications Inc. found using the ticker (VZ), a total of 24 analysts have now covered the share. The consensus rating is hold. The range between the high target price and the low target price is between 69 and 40, with the average target price being 51.78. Given that the stock’s previous close was 39.93, that suggests a potential upside of 29.7%. The 50-day MA is 43.97 and the 200-day moving average is 49.79. The company’s market capitalization is $165,973 million. For more information, visit:

The potential market cap would be $215,228 million based on the market consensus.

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Verizon Communications Inc., through its subsidiaries, provides communications, technology, information and entertainment products and services to consumers, businesses and government agencies worldwide. The consumer segment offers postpaid and prepaid service plans; Internet access on notebooks and tablets; wireless devices including smartphones and other handsets; and wireless-enabled Internet devices such as tablets and other wireless-enabled connected devices, including smartwatches. It also offers fixed home connectivity solutions such as internet, video and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wired broadband connections and 4 million Fios video connections. The Company’s business segment provides network connectivity products including private networking, private cloud connectivity, virtual and software-defined networking, and Internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a range of management and data security services; national and global voice and data solutions such as voice calling, messaging services, conferencing, contact center solutions, and private circuit and data access networks; customer rooms equipment; installation, maintenance and location services; and products and services for the Internet of Things. As of December 31, 2021, it had approximately 27 million wireless postpaid retail connections and 477,000 wired broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.