Verizon Communications Inc. (NYSE:VZ) shares finished the most recent trading session moving +0.88%. The stock price saw a high of $50.80 and a low of $50.17. Moving averages may assist investors in spotting trends that can help predict future share movement. If the stock is trading higher than a moving average, the average may provide a level of support. If the stock is trading below a moving average, the average may provide a level of resistance. Presently, the stock is -2.33% away from its 200-day moving average of $51.88. The stock has been recorded at +4.31% away from the 50-day moving average of $48.57.
Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $43.79 – 56.95 over the past 52-weeks. The latest bid places it $-6.28 away from the 52-week high of $56.95, or -11.03%. On the other end, the latest bid puts the equity $6.88 away from the 52-week low of $43.79, or +15.71%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.
Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $52.73. This is the consensus of all analyst targets from the brokerage firms polled by First Call.
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