Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Tencent Holdings (TCEHY – Research Report), Alphabet Class A (GOOGL – Research Report) and Verizon (VZ – Research Report).
Tencent Holdings (TCEHY)
In a report released yesterday, Jiong Shao from Barclays maintained a Buy rating on Tencent Holdings, with a price target of $46.00. The company’s shares closed last Tuesday at $34.90, close to its 52-week low of $33.48.
According to TipRanks.com, Shao is a 1-star analyst with an average return of
Currently, the analyst consensus on Tencent Holdings is a Strong Buy with an average price target of $50.60.
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Alphabet Class A (GOOGL)
Barclays analyst Ross Sandler maintained a Buy rating on Alphabet Class A yesterday and set a price target of $173.00. The company’s shares closed last Tuesday at $151.46, close to its 52-week high of $153.78.
According to TipRanks.com, Sandler is a 5-star analyst with an average return of
Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $162.05, a 6.1% upside from current levels. In a report issued on January 17, Mizuho Securities also maintained a Buy rating on the stock with a $170.00 price target.
Verizon (VZ)
Barclays analyst Kannan Venkateshwar downgraded Verizon to Hold today and set a price target of $44.00. The company’s shares closed last Tuesday at $42.47, close to its 52-week high of $42.60.
According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verizon with a $44.78 average price target, implying a 6.6% upside from current levels. In a report issued on January 23, Bank of America Securities also maintained a Hold rating on the stock with a $41.00 price target.
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