Verizon Communications Inc. (NYSE:VZ) on Friday reported better-than-expected second-quarter earnings, while revenue narrowly missed expectations.

Adjusted earnings came in at $1.30 per share, above the analyst consensus estimate of $1.27, according to Benzinga Pro. Revenue totaled $34.25 billion, missing the $35.11 billion estimate. GAAP diluted earnings per share fell 22% year over year to 92 cents, while net income declined 22.9% to $3.9 billion.

Verizon raised its full-year adjusted EPS guidance to a range of $4.99 to $5.04 from its previous forecast of $4.95 to $4.99. The updated outlook is above the analyst consensus estimate of $4.96.

Verizon shares gained 2.6% to trade at $126.56 on Monday.

These analysts made changes to their price targets on Verizon following earnings announcement.

• Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and raised the price target from $45 to $46.
• Wells Fargo analyst Steven Cahall maintained the stock with an Equal-Weight rating and raised the price target from $43 to $47.
• Scotiabank analyst Maher Yaghi maintained the stock with a Sector Outperform and boosted the price target from $51.5 to $52.5.
• RBC Capital analyst Jonathan Atkin maintained the stock with a Sector Perform and raised the price target from $46 to $47.

Considering buying VZ stock? Here’s what analysts think:

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