Verizon Stock Has Soared Recently. Time to Buy?
Adding to an already impressive run in recent months, shares of telecommunications company (NYSE: VZ) jumped on Tuesday, following the company's strong fourth-quarter report. That brought the stock's total return since mid-October of last year to more than 35%.
Does the stock's big run make it overvalued, or is there still a chance for investors to buy shares and potentially benefit from even more upside? Surprisingly, the stock still appears pretty attractive at this level.
Verizon earned $1.08 on an adjusted basis during the quarter, down from $1.19 in the year-ago period. Though this non-GAAP (adjusted) earnings per share figure aligned with analysts' estimates, revenue of $35.1 billion for the period was well beyond an average forecast of approximately $34.6 billion.
Source Fool.com
Verizon Communications Inc. Stock
Verizon Communications Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 43 € there is a slightly positive potential of 6.03% for Verizon Communications Inc. compared to the current price of 40.56 €.
