Is Verizon Undervalued At Its Current Price – CWEB.com
Verizon Communications Inc. (VZ) has been in a solid downtrend since early February, and it is presently influencing another bearish break to out of a multi-week consolidation and now underneath a key up-drifting support level. Treasury yields are moving higher which is putting weight on the solid 4.99% profit yield (VZ) is at present advertising.
The 4.99%dividend yield may resemble sufficiently appealing profits that lure new speculators, It’s vital to see that a rising profit yield is essentially a side-effect of a stock that is dropping. We anticipate that (VZ) will keep tumbling to levels of support $46.
Verizon Communications Inc. (VZ) stock has had a battle so far in 2018. The shorts are wagering enormous bets that rising interest rates will keep on pressuring Verizon.
Short sellers relying upon rising interest loan rates, seem to view the AT&T Inc. (T) -/ Time Warner Inc. (TWX) – antitrust trial as a potential bullish close term impetus for the stock and are concentrating on Verizon.
CWEB Analyst’s have Reiterated a Buy Rating for Verizon Communications Inc. (VZ) and a Price Target of $60 within 12 months.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.