Oppenheimer Remains a Buy on Verizon (VZ)

In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Verizon (VZ – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $42.54.

According to TipRanks, Horan is a 5-star analyst with an average return of 9.2% and a 61.66% success rate. Horan covers the Technology sector, focusing on stocks such as NICE, Microsoft, and Verint Systems.

Currently, the analyst consensus on Verizon is a Moderate Buy with an average price target of $44.61.

Based on Verizon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $35.13 billion and a GAAP net loss of $2.71 billion. In comparison, last year the company earned a revenue of $35.25 billion and had a net profit of $6.58 billion

Based on the recent corporate insider activity of 44 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.