Verizon Communications Inc. [VZ] Is Currently -2.12 below its 200 Period Moving Avg: What Dose This Mean?

Verizon Communications Inc. [NYSE: VZ] slipped around -1.2 points on Friday, while shares priced at $55.30 at the close of the session, down -2.12%. The company report on February 26, 2021 that BlueJeans By Verizon announces 2021 Customer Award Winners.

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Global Customers Across Four Categories Honored for Their Innovative Use of BlueJeans To Drive Business Outcomes.

BlueJeans by Verizon announced the winners of the second annual BlueJeans by Verizon Customer Awards. The awards recognize customers around the globe who are deploying BlueJeans solutions to achieve outcomes that positively drive their business and society forward.“With the Covid-19 pandemic necessitating more remote collaboration, the use of video conferencing within nearly every industry and organization rose to levels never seen before,” said John Knightly, CMO, BlueJeans by Verizon. “Whether our customers already had a unified communication strategy in place or were just starting their digital journey, we saw some truly exceptional uses of our platform to inspire, entertain, educate, and drive real business results over the past year—and we are honored by all of those who have chosen to partner with BlueJeans to support their teams and missions.”The 2021 BlueJeans by Verizon Customer Award category winners and honorees are:.

Verizon Communications Inc. stock is now -5.87% down from its year-to-date (YTD) trading value. VZ Stock saw the intraday high of $56.605 and lowest of $55.29 per share. The company’s 52-week high price is 61.95, which means current price is +2.73% above from all time high which was touched on 01/06/21.

Compared to the average trading volume of 18.46M shares, VZ reached a trading volume of 23935172 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Verizon Communications Inc. [VZ]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VZ shares is $60.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VZ stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on February 25, 2021. While these analysts kept the previous recommendation, MoffettNathanson raised their target price from $59 to $66. The new note on the price target was released on December 02, 2020, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise to $60, while Wells Fargo analysts kept a Equal Weight rating on VZ stock. On November 05, 2020, analysts increased their price target for VZ shares from 61 to 65.

The Average True Range (ATR) for Verizon Communications Inc. is set at 1.05, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.82. The Price to Book ratio for the last quarter was 3.38, with the Price to Cash per share for the same quarter was set at 5.24. Price to Free Cash Flow for VZ in the course of the last twelve months was 17.52 with Quick ratio for the last quarter at 1.30.

How has VZ stock performed recently?

Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.04. With this latest performance, VZ shares gained by 0.31% in over the last four-week period, additionally sinking by -7.00% over the last 6 months – not to mention a rise of 0.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VZ stock in for the last two-week period is set at 43.03, with the RSI for the last a single of trading hit 41.53, and the three-weeks RSI is set at 43.08 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 57.10, while it was recorded at 56.48 for the last single week of trading, and 57.79 for the last 200 days.

Verizon Communications Inc. [VZ]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Verizon Communications Inc. [VZ] shares currently have an operating margin of +23.28 and a Gross Margin at +47.06. Verizon Communications Inc.’s Net Margin is presently recorded at +13.88.

Return on Total Capital for VZ is now 14.37, given the latest momentum, and Return on Invested Capital for the company is 9.14. Return on Equity for this stock inclined to 27.55, with Return on Assets sitting at 5.85. When it comes to the capital structure of this company, Verizon Communications Inc. [VZ] has a Total Debt to Total Equity ratio set at 221.91. Additionally, VZ Total Debt to Total Capital is recorded at 68.94, with Total Debt to Total Assets ending up at 47.57. Long-Term Debt to Equity for the company is recorded at 208.09, with the Long-Term Debt to Total Capital now at 64.64.

Reflecting on the efficiency of the workforce at the company, Verizon Communications Inc. [VZ] managed to generate an average of $134,652 per employee. Receivables Turnover for the company is 5.04 with a Total Asset Turnover recorded at a value of 0.42.Verizon Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.

Earnings analysis for Verizon Communications Inc. [VZ]

With the latest financial reports released by the company, Verizon Communications Inc. posted 1.26/share EPS, while the average EPS was predicted by analysts to be reported at 1.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verizon Communications Inc. go to 2.82%.

Insider trade positions for Verizon Communications Inc. [VZ]

There are presently around $150,228 million, or 68.20% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 325,949,036, which is approximately -0.912% of the company’s market cap and around 0.03% of the total institutional ownership; BLACKROCK INC., holding 298,750,519 shares of the stock with an approximate value of $16.52 billion in VZ stocks shares; and STATE STREET CORP, currently with $8.9 billion in VZ stock with ownership of nearly -2.545% of the company’s market capitalization.

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Positions in Verizon Communications Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,593 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 160,439,160 shares. Additionally, 1,095 investors decreased positions by around 148,117,296 shares, while 201 investors held positions by with 2,408,049,514 shares. The mentioned changes placed institutional holdings at 2,716,605,970 shares, according to the latest SEC report filing. VZ stock had 270 new institutional investments in for a total of 6,393,581 shares, while 78 institutional investors sold positions of 14,673,941 shares during the same period.

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