Verizon Communications : Good point of entry
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$42.25 | $0 | $40.7 | -100% |
Analysts are confident for 2012, they estimate revenue growth and a great leap forward concerning net margin expected at 6% against 2% in 2011. The share is seems correctly valued by the market with a price earnings ratio of 17x.
Technically the share has suffered in the last month. The share in the next trading sessions could reach the supports’ areas. These levels could give a good point of entry to investors with mid-term strategy. We suggest to enter on short-term support at USD 41.75 with a first target price of USD 44, 20 and 50 day moving averages, and the USD 46. A stop loss will be placed at 40.7
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