Verizon Communications Inc. [NYSE: VZ] loss -0.43% or -0.22 points to close at $50.49 with a heavy trading volume of 13950487 shares. The company report on July 7, 2022 that Verizon Innovative Learning STEM Achievers Offers Free Enrichment Program.
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It opened the trading session at $50.52, the shares rose to $50.92 and dropped to $50.41, the range by which the price of stock traded the whole day. The daily chart for VZ points out that the company has recorded -6.53% loss over the past six months. However, it is still -10.85% lower than its most recent low trading price.
If we look at the average trading volume of 22.50M shares, VZ reached to a volume of 13950487 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $58.21 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 2.80. 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.
Scotiabank have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on June 28, 2022. The new note on the price target was released on April 29, 2022, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another drop from $61 to $55, while Goldman kept a Neutral rating on VZ stock. On January 26, 2022, analysts decreased their price target for VZ shares from 62 to 56.
The Average True Range (ATR) for Verizon Communications Inc. is set at 0.96, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for VZ in the course of the last twelve months was 46.75 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for VZ stock
Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.51. With this latest performance, VZ shares dropped by -2.25% in over the last four-week period, additionally sinking by -6.53% over the last 6 months – not to mention a drop of -9.32% 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 48.51, with the RSI for the last a single of trading hit 45.91, and the three-weeks RSI is set at 49.21 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 49.83, while it was recorded at 51.15 for the last single week of trading, and 51.98 for the last 200 days.
Verizon Communications Inc. [VZ]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Verizon Communications Inc. [VZ] shares currently have an operating margin of +23.92 and a Gross Margin at +45.73. Verizon Communications Inc.’s Net Margin is presently recorded at +16.51.
Return on Equity for this stock inclined to 29.49, with Return on Assets sitting at 6.46.
Verizon Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
Verizon Communications Inc. [VZ]: An earnings per share (EPS) analysis
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 3.58%.
An analysis of insider ownership at Verizon Communications Inc. [VZ]
There are presently around $132,925 million, or 64.40% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 330,221,086, which is approximately 2.665% of the company’s market cap and around 0.06% of the total institutional ownership; BLACKROCK INC., holding 304,700,845 shares of the stock with an approximate value of $15.38 billion in VZ stocks shares; and STATE STREET CORP, currently with $8.48 billion in VZ stock with ownership of nearly -1.531% of the company’s market capitalization.
Positions in Verizon Communications Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,774 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 184,958,662 shares. Additionally, 1,156 investors decreased positions by around 239,010,474 shares, while 211 investors held positions by with 2,208,727,443 shares. The mentioned changes placed institutional holdings at 2,632,696,579 shares, according to the latest SEC report filing. VZ stock had 171 new institutional investments in for a total of 23,076,962 shares, while 143 institutional investors sold positions of 14,131,325 shares during the same period.