Why Verizon Stock Is Soaring Today
(NYSE: VZ) stock is posting big gains in Monday's trading following the company's recent earnings report. The telecommunications giant's share price was up 5% as of 2:15 p.m. ET. At the same point in the day's trading, the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.5% and 0.7%, respectively.
Verizon posted its second-quarter results before the market opened this morning, and it delivered sales and earnings performance that came in far better than Wall Street's forecasts. In addition to the strong Q2 performance, the company also raised its full-year targets.
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Source Fool.com
Verizon Communications Inc. Stock
€34.48
0.160%
With 14 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 43 € shows a positive potential of 24.71% compared to the current price of 34.48 € for Verizon Communications Inc..
