Verizon’s (NYSE: VZ) analyst trends revealed a hint of caution ahead of the Q3 release, which the results say was unwarranted. The caution, inspired by a sudden CEO change, helped trigger a significant share price correction that set the market up for a rebound, which the Q3 release has now triggered.
The takeaway is that uncertainty remains due to the CEO change, but all other metrics point to higher share prices for this industry-leading company. This means potentially volatile price action for investors in the upcoming months, with an uptrend in peaks and troughs that could top out more than 20% above the late-October price. And this is in addition to the 7% dividend yield.
