Verizon Communications Inc. [VZ] Revenue clocked in at $134.32 billion, down -16.76% YTD: What’s Next?

Verizon Communications Inc. [NYSE: VZ] stock went on a downward path that fall over -1.12% on Friday, amounting to a one-week price decrease of less than -2.63%. The company report on August 25, 2022 that Boston and Springfield get new Internet options from Verizon, the network America relies on.

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Residents on Verizon’s premium Unlimited plans can get Verizon Home Internet starting at $25 per month with AutoPay.

It’s no secret that Verizon is the network Massachusetts relies on, so it’s great news that residents and businesses in the Boston and Springfield areas are about to get even more options to keep them connected. Starting tomorrow, Verizon is bringing new wireless home and business Internet options to Boston and Springfield, MA that deliver great performance at an incredible value.

Over the last 12 months, VZ stock dropped by -20.79%. The one-year Verizon Communications Inc. stock forecast points to a potential upside of 17.57. The average equity rating for VZ stock is currently 2.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $183.70 billion, with 4.20 billion shares outstanding and 4.20 billion shares in the current float. Compared to the average trading volume of 19.26M shares, VZ stock reached a trading volume of 16729108 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $52.47 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 2.90. 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.

MoffettNathanson have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on August 18, 2022. The new note on the price target was released on July 28, 2022, representing the official price target for Verizon Communications Inc. stock.

The Average True Range (ATR) for Verizon Communications Inc. is set at 0.79, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for VZ in the course of the last twelve months was 45.02 with Quick ratio for the last quarter at 0.70.

VZ Stock Performance Analysis:

Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.63. With this latest performance, VZ shares dropped by -5.05% in over the last four-week period, additionally sinking by -20.08% over the last 6 months – not to mention a drop of -20.79% 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 31.54, with the RSI for the last a single of trading hit 29.21, and the three-weeks RSI is set at 33.51 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 47.53, while it was recorded at 43.64 for the last single week of trading, and 50.76 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 +23.92 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.

VZ Stock EPS

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 3.35%.

Verizon Communications Inc. [VZ] Insider Position Details

There are presently around $115,759 million, or 65.10% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 345,733,122, which is approximately 4.697% of the company’s market cap and around 0.06% of the total institutional ownership; BLACKROCK INC., holding 316,099,553 shares of the stock with an approximate value of $13.67 billion in VZ stocks shares; and STATE STREET CORP, currently with $7.08 billion in VZ stock with ownership of nearly -2.468% 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 1,599 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 188,551,190 shares. Additionally, 1,321 investors decreased positions by around 144,498,363 shares, while 217 investors held positions by with 2,343,469,523 shares. The mentioned changes placed institutional holdings at 2,676,519,076 shares, according to the latest SEC report filing. VZ stock had 125 new institutional investments in for a total of 9,056,972 shares, while 142 institutional investors sold positions of 17,063,698 shares during the same period.


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