Verizon Communications (NYSE:VZ) shares dropped 1.7% to $46.32, despite mixed analyst activity including some upgrades with price targets up to $50, maintaining a ‘Hold’ consensus at $49.02. The company slightly exceeded quarterly revenue and EPS expectations, set a strong FY 2026 EPS guidance, and increased its dividend yield to 6.1%. However, management changes and a new lawsuit against T-Mobile present near-term risks.
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Verizon Communications (NYSE:VZ) Trading Down 1.7% - Should You Sell?
Verizon Communications (NYSE:VZ) shares dropped 1.7% to $46.32, despite mixed analyst activity including some upgrades with price targets up to $50, maintaining a ‘Hold’ consensus at $49.02. The company slightly exceeded quarterly revenue and EPS expectations, set a strong FY 2026 EPS guidance, and increased its dividend yield to 6.1%. However, management changes and a new lawsuit against T-Mobile present near-term risks.