1 Wall Street Analyst Thinks Verizon Stock Is Going to $48. Is It a Buy Around $40? [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
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? An unambiguous buy recommendation 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. Horan saw several positive developments in that earnings report. He wrote in his research note that Verizon "continues to build on strong momentum from 2023, which has been driven by major network upgrades, refreshed ma
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VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 424B2
- 5/13/24 - Form 424B2
- VZ's page on the SEC website