Is Verizon Undervalued At Its Current Price - CWEB.com




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.
Read Full Article and Videos CWEB.com - Trending News, Blog, Shopping
Chart
VZ data by YCharts

Comments

Post a Comment

Popular posts from this blog

CWEB - Many household products contain antimicrobial chemicals banned from soaps by the FDA

Image
Many household products contain antimicrobial chemicals banned from soaps by the FDA - CWEB.com Any antimicrobial chemicals in there? Home image via www.shutterstock.com. Erica Hartmann , Northwestern University This year marks 20 years since Hasbro was fined for false advertising , claiming their Playskool toys laden with the antimicrobial chemical triclosan would keep kids healthier. It is also the year when soap manufacturers will finally have to remove the chemical from their products. Triclosan is one example of a potentially hazardous chemical used in some antimicrobial products. The Food and Drug Administration recently banned it , along with 18 others chemicals, from hand soaps because of unacceptable risks to humans and the environment. Exposure to triclosan in general is linked with disruption of hormone function and the development of antibiotic resistance in bacteria. The FDA asked manufacturers to demonstrat...
Read more
Team Liquid emerged atop the League of Legends Championship Series Spring Split standings with a win on the concluding day of round-robin play. Liquid (14-4) won its third straight game, defeating TSM (5-13) to claim the top spot, while Cloud9 (13-5), which began the day tied for the lead, fell to FlyQuest (9-9). Third-place 100 Thieves (12-6) failed to capitalize on Cloud9's loss, losing to Dignitas (8-10) and staying third. Evil Geniuses (9-9) remained part of a three-way tie for fourth place by beating Counter Logic Gaming (6-12). Golden Guardians (9-9) was the third member of the tie after its win over Immortals (5-13). That tie proved significant because only the top four teams are guaranteed spots in the upper bracket of next month's playoffs. The Geniuses, FlyQuest and Guardians had to take part in a tiebreaker Sunday, and the Geniuses won out to clinch the fourth spot. FlyQuest and the Guardians will start next month's playoffs in the lower bracket. When...
Read more

Thousands of Amazon Employees Receive Layoff Mails, Jeff Bezos’ Surprise Visit at Meeting Sparks Fear Among Washington Post Staff

Image
Thousands of Amazon Employees Receive Layoff Mails, Jeff Bezos’ Surprise Visit at Meeting Sparks Fear Among Washington Post Staff : As the companies that drove the 10-year bull market adjust to a new reality, job cuts in the tech industry are piling up. On Wednesday, thousands of Amazon  (AMZN)employees received an email informing them that their position had been “eliminated” with immediate effect. In the most recent round of layoffs, which were first announced by […]
Read more