Verizon Communications Inc. [VZ] fell -26.29% so far this year. What now?

Verizon Communications Inc. [NYSE: VZ] traded at a low on 11/11/22, posting a -0.57 loss after which it closed the day’ session at $38.30. The company report on November 11, 2022 that Verizon to speak at NSR & BCG conference November 14.


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Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

The results of the trading session contributed to over 22955857 shares changing hands. Over the past one week, the price volatility of Verizon Communications Inc. stands at 1.84% while the volatility over the past one month is 2.09%.

The market cap for VZ stock reached $161.78 billion, with 4.20 billion shares outstanding and 4.20 billion shares in the current float. Compared to the average trading volume of 23.00M shares, VZ reached a trading volume of 22955857 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 $45.30 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.

Oppenheimer have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 06, 2022. The new note on the price target was released on August 18, 2022, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise to $51, while BofA Securities analysts kept a Neutral rating on VZ stock.

The Average True Range (ATR) for Verizon Communications Inc. is set at 0.89, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 0.49. Price to Free Cash Flow for VZ in the course of the last twelve months was 44.62 with Quick ratio for the last quarter at 0.70.

How has VZ stock performed recently?

Verizon Communications Inc. [VZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.85. With this latest performance, VZ shares gained by 5.22% in over the last four-week period, additionally sinking by -20.51% over the last 6 months – not to mention a drop of -26.98% 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 54.70, with the RSI for the last a single of trading hit 60.83, and the three-weeks RSI is set at 50.07 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 38.52, while it was recorded at 37.90 for the last single week of trading, and 47.15 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 +23.92 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 0.70.

Earnings analysis for Verizon Communications Inc. [VZ]

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 2.19%.

Insider trade positions for Verizon Communications Inc. [VZ]

There are presently around $101,771 million, or 64.30% 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 $12.11 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.27 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 October and at the time of the October reporting period, where 1,356 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 187,725,443 shares. Additionally, 1,537 investors decreased positions by around 165,890,629 shares, while 178 investors held positions by with 2,303,601,101 shares. The mentioned changes placed institutional holdings at 2,657,217,173 shares, according to the latest SEC report filing. VZ stock had 91 new institutional investments in for a total of 10,062,854 shares, while 264 institutional investors sold positions of 15,565,200 shares during the same period.

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