Saturday, April 10, 2021

Verizon Communications Inc. [VZ] Stock trading around $58.87 per share: What’s Next?

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Verizon Communications Inc. [NYSE: VZ] price surged by 0.98 percent to reach at $0.57. The company report on April 5, 2021 that Retiree Proxies to Limit Golden Parachutes, Strengthen Clawback Policy at Verizon.

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Members of the non-profit Association of BellTel Retirees, Inc. will present two proxy proposals this year on behalf of retiree shareholders at the Verizon (NYSE:VZ) virtual annual shareowners meeting, May 13, 2021.


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Retirees aim to be an integral check against excessive senior management compensation and governance practices not aligned with shareowner interests.

A sum of 14287224 shares traded at recent session while its average daily volume was at 20.70M shares. Verizon Communications Inc. shares reached a high of $59.13 and dropped to a low of $58.46 until finishing in the latest session at $58.87.

The one-year VZ stock forecast points to a potential upside of 2.29. The average equity rating for VZ stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $60.25 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 2.60. 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.

Tigress Financial have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 24, 2021. The new note on the price target was released on February 25, 2021, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise from $59 to $66, while MoffettNathanson kept a Buy rating on VZ stock.

The Average True Range (ATR) for Verizon Communications Inc. is set at 0.90, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 3.59, with the Price to Cash per share for the same quarter was set at 5.37. Price to Free Cash Flow for VZ in the course of the last twelve months was 18.21 with Quick ratio for the last quarter at 1.30.

VZ Stock Performance Analysis:

Verizon Communications Inc. [VZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.19. With this latest performance, VZ shares gained by 7.43% in over the last four-week period, additionally sinking by -0.98% over the last 6 months – not to mention a rise of 6.55% 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 66.00, with the RSI for the last a single of trading hit 71.46, and the three-weeks RSI is set at 61.55 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 56.17, while it was recorded at 58.55 for the last single week of trading, and 57.87 for the last 200 days.

Insight into Verizon Communications Inc. 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.

VZ Stock EPS

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 3.29%.

Verizon Communications Inc. [VZ] Insider Position Details

There are presently around $162,267 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 0.02% of the total institutional ownership; BLACKROCK INC., holding 298,750,519 shares of the stock with an approximate value of $17.59 billion in VZ stocks shares; and STATE STREET CORP, currently with $9.48 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 April and at the time of the April reporting period, where 1,610 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 161,275,092 shares. Additionally, 1,088 investors decreased positions by around 152,505,166 shares, while 195 investors held positions by with 2,442,589,252 shares. The mentioned changes placed institutional holdings at 2,756,369,510 shares, according to the latest SEC report filing. VZ stock had 296 new institutional investments in for a total of 7,108,727 shares, while 79 institutional investors sold positions of 14,522,122 shares during the same period.

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