$Verizon(VZ)$
Verizon Comms(VZ) Jumps +3.68%: Dividend Titan Breaks Key Resistance, Eyeing $47 High
Latest Close Data
Closed at $46.25 on 2026-02-03, up +3.68% ($1.64). Now just $1.10 (-2.3%) below its 52-week high of $47.35.
Core Market Drivers
-
The surge appears driven by strong institutional and retail capital inflow, with net positive money flow of ~$125M for the day.
-
The stock's high dividend yield of 5.91% continues to attract income-focused investors in a stable rate environment.
Technical Analysis
-
Volume was solid at 61.4M shares (Volume Ratio: 1.08), confirming the breakout.
-
The MACD shows a strong bullish crossover with DIF at 0.878 and DEA at 0.133, generating a positive histogram.
-
The 12-day RSI is at 84.2, indicating strong momentum but nearing overbought territory, suggesting potential for near-term consolidation.
Key Price Levels
-
Primary Support: $44.50 (Today's low & yesterday's close).
-
Strong Resistance: $47.35 (52-week high).
-
Immediate Pivot: $46.25 (Today's close). Holding above $45.00 (previous resistance, now support) is key for the bullish structure.
Valuation Perspective
Forward P/E of 9.22 is slightly above its historical average of 9.05 but remains attractive within the telecom sector, supported by a solid P/S of 1.41 and a robust ROE of 17.07%.
Analyst Targets
23 analysts have an average price target of $49.50 (+7.0% upside). Sentiment is cautiously optimistic with 3 Strong Buy, 7 Buy, 16 Hold, and 1 Underperform ratings.
Weekly Outlook
Expect consolidation near current levels with a bullish bias. A sustained break above $47.35 could target the $49-$50 zone. A failure to hold $45.00 may see a pullback towards $44.00 support.
Comments