Why Verizon Stock Gained 12% in January
Shares of Verizon Communications (NYSE: VZ) were among the winners last month. The telecommunications giant delivered a solid fourth-quarter earnings report and continued to bounce off its lows from last year as it rolled out new C-band spectrum and reported solid postpaid net phone adds.
According to data from S&P Global Market Intelligence, the stock finished the month up 12%.
As you can see from the chart below, Verizon shares outperformed the S 500 throughout the month and then jumped after the company's earnings report came out toward the end of January.
Source Fool.com
Verizon Communications Inc. Stock
€36.25
0.360%
With 22 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 40 € shows a slightly positive potential of 10.36% compared to the current price of 36.25 € for Verizon Communications Inc..
