Boston, MA 02/28/2014 (wallstreetpr) – Barclays on a research note issued on Monday rates Verizon Communication (NYSE:VZ) stock as an “overweight” with a price target of $55 although the move is more of a valuation call. Analysts at Bank of America on their part upgraded Verizon communication rating from a “neutral” to a “buy” also on a research note on the same day. Analysts at TheStreet on a research note on Tuesday 18, 2014 reiterated a “Buy” rating of the stock. Verizon shares currently command a dividend yield of 4.50%
Verizon Communication (NYSE:VZ) 30 day share average movement has been 17,133, 200 at the back of a market cap of $135.2 billion. The telecommunication companies strengths can be seen in it stable revenue growth over its recent quarters as well as a good return on equity. Verizon has been commanding a good cash flow that enabled it buy a 45% stake of Verizon wireless from Vodafone while the stock price has been on a surging trend since the past year.
Highlights of the Buy rating
Verizon communication revenue growth metrics has surpassed the industry average of 0.3% for the same quarter a year ago. Revenue has also grown by 3.4% which has significantly bolstered the company’s earnings per share.
Verizon Communication (NYSE:VZ) return on equity has also soared as compared to the same quarter a year ago a signal of significant financial strength within the corporation. Growth profit margins are at its all-time high coming in at 61.49% with net profit margins also coming in at 16.31% slightly above the industry average.
Verizon Communication (NYSE:VZ) cash flow currently stands at 10,431 million an increase of 55.03% when compared to the same quarter a year ago, the company is currently trading above the industry average growth rate of 2.22%. Looking far ahead many analysts are of the strong opinion the stock has a potential to grow even further
Verizon Communication (NYSE:VZ) was trading on high margins on Thursday trading session moving, up by 2.48% to close the day at a high of $47.50.
