RBC Capital Keeps Their Hold Rating on Verizon (VZ)

In a report released on April 23, Jonathan Atkin from RBC Capital maintained a Hold rating on Verizon (VZ – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $39.49.

According to TipRanks, Atkin is a 5-star analyst with an average return of 11.1% and a 68.80% success rate. Atkin covers the Real Estate sector, focusing on stocks such as Crown Castle, American Tower, and Digital Realty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $43.55 average price target, implying a 10.28% upside from current levels. In a report released on April 23, Barclays also assigned a Hold rating to the stock with a $44.00 price target.

The company has a one-year high of $42.73 and a one-year low of $29.16. Currently, Verizon has an average volume of 18.89M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VZ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Verizon (VZ) Company Description:

Verizon Communications, Inc. provides wireless and wireline communications services and products through its two segments: Verizon Consumer Group and Verizon Business Group. The Verizon Business segment also offers video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.