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Stock impact report

Verizon Communications (VZ) Price Target Bumped to $55 [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Ken Wolter / Shutterstock.com Verizon Communications Inc. (NYSE:VZ) engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide. On March 20, Citi analyst Michael Rollins bumped the firm's price target on Verizon Communications Inc. (NYSE:VZ) from $50 to $55, while maintaining a ‘Buy' rating on the shares. The raised target indicates an upside of over 9% from the current share price. The move comes after Citi sees ‘positive optionality' from Verizon's streamlined cost structure and expanded converged services. The analyst believes that the firm has the potential to return to annual service revenue growth next year and build on its EBITDA and free cash flow. Verizon Communications Inc. (NYSE:VZ) is projecting its FY 2026 adjusted EBITDA to be in the range of $4.90 to $4.95, representing a YoY growth of 4% to 5%. The company expects its free cash flow to reach $21.5 billio Show less Read more
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