Explore the latest developments concerning VZ Stock Falls.
VZ Stock Falls Premarket: Here's Why Morningstar Sees 23% Upside
Morningstar maintained a 'Narrow Economic Moat' rating on the company and a 'Medium' uncertainty assessment.
While the analyst expects Verizon's wireless service revenue to remain broadly flat in 2026, over the following five years, it forecasts wireless service to grow by around 2% annually, accelerating to roughly 3% in 2028.
However, the report also noted several risk factors, including regulatory risks, future spectrum auctions, and technological advances that could strengthen rivals.
Shares of Verizon Communications Inc. (VZ) fell 0.37% premarket on Monday after closing up nearly 6% higher on Friday last week.
According to a new Morningstar research report, the telecommunications giant's shares remain attractively valued despite a more challenging competitive environment.
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Verizon Communications (NYSE:VZ) Trading Up 1.2% – Time to Buy?
Verizon Communications Inc. (NYSE:VZ – Get Free Report)'s share price traded up 1.2% on Wednesday . The company traded as high as $45.12 and last traded at $44.2860. 23,675,540 shares changed hands during trading, a decline of 19% from the average daily volume of 29,129,715 shares. The stock had previously closed at $43.78.
A number of equities research analysts recently commented on the stock. Wells Fargo & Company started coverage on shares of Verizon Communications in a report on Wednesday, July 8th. They issued an "equal weight" rating and a $43.00 price target on the stock. BNP Paribas Exane decreased their target price on Verizon Communications from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research note on Friday, May 29th. Barclays dropped their price target on Verizon Communications from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Finally, Morgan Stanley increased their price target on Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $50.03.
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