With Verizon’s dividend yield close to 6.5%, income-focused investors are keeping VZ stock price on their watchlists. Such a high yield remains attractive compared to Treasury rates, especially in a stable telecom sector. The stock of largest U.S. cellphone carrier has fallen by 2.22% in the past month, lagging the Computer and Technology sector's gain of 7.63% and the S&P 500's gain of 3.15%. A number of equities analysts have weighed in on VZ shares. JPMorgan Chase & Co. upped their target price on Verizon Communications from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Arete Research upgraded Verizon Communications to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America upped their target price on Verizon Communications from $45.00 to $49.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered Verizon Communications from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Royal Bank Of Canada upped their target price on Verizon Communications from $45.00 to $46.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.53. With strong Q1 guidance, VZ stock price may benefit from heightened retail investor activity. The MACD suggests a bullish crossover is imminent, making this a technical buy for short-term traders.
