The markets might be breathing a sigh of relief after the two-week U.S.-Iran ceasefire agreement, but that doesn't mean it's time to let our guards down, especially since things are off to a turbulent start following Israel's attack on Lebanon.
VZ rides fiber growth, Frontier deal and bundling push to drive gains, but rising costs, fierce telecom competition and heavy spending weigh on margins.
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In the closing of the recent trading day, Verizon Communications (VZ) stood at $48.62, denoting a -1.08% move from the preceding trading day.
VZ powers smarter, safer transport with 5G, V2X tech and automaker partnerships, driving connected, electric and autonomous vehicle innovation.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Verizon Communications (VZ) closed at $49.39 in the latest trading session, marking a -1.61% move from the prior day.
Verizon (VZ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Barclays raised its price target on Verizon Communications Inc (NYSE:VZ | VZ Price Prediction) to $47 from $43, maintaining an Equal Weight rating while citing the macro environment as a tailwind for telecom's defensive positioning.
Verizon Communications (VZ) concluded the recent trading session at $50.37, signifying a -1.06% move from its prior day's close.
VZ's business segment revenues dip amid rising costs and competition, but new 5G and enterprise solutions aim to spark growth.
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