For Verizon Communications Inc. [VZ], Analyst sees a rise to $50. What next?

Verizon Communications Inc. [NYSE: VZ] plunged by -$0.15 during the normal trading session on Friday and reaching a high of $38.30 during the day while it closed the day at $38.18. The company report on December 2, 2022 that Golf Entrepreneurs Take a Swing at E-Commerce With Expert Advice From Verizon.


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Like many inspired business ideas, Denny Rivas’ company, The Original Cap Magnet, was born on the golf course. Rivas, an avid golfer and insurance broker based in Los Angeles, CA, conceived of a product that would easily keep a ball marker right where he needed it while playing-namely, at his fingertips. Rivas is a leftie, and saw a need for a magnet patch that you can place anywhere on your hat, rather than using the mainly right-sided, sewn-in cap magnets on the market.

Working with his business partner and girlfriend, Gia Mora, a full-time artist and writer, Rivas launched The Original Cap Magnet. The product is a flexible magnet that fits neatly into any hat (not just golf caps) or even in a shoe or golf bag.

Verizon Communications Inc. stock has also loss -2.15% of its value over the past 7 days. However, VZ stock has declined by -7.55% in the 3 months of the year. Over the past six months meanwhile, it has lost -24.86% and lost -26.52% year-on date.

The market cap for VZ stock reached $160.98 billion, with 4.20 billion shares outstanding and 4.20 billion shares in the current float. Compared to the average trading volume of 23.65M shares, VZ reached a trading volume of 21666374 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 0.78, 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 1.83, 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 44.40 with Quick ratio for the last quarter at 0.70.

VZ stock trade performance evaluation

Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.15. With this latest performance, VZ shares gained by 1.25% in over the last four-week period, additionally sinking by -24.86% over the last 6 months – not to mention a drop of -24.74% 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 49.64, with the RSI for the last a single of trading hit 47.88, and the three-weeks RSI is set at 48.70 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 37.76, while it was recorded at 38.41 for the last single week of trading, and 46.11 for the last 200 days.

Verizon Communications Inc. [VZ]: An insightful look at the core fundamentals

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 per share (EPS) analysis for Verizon Communications Inc. [VZ] stock

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%.

Verizon Communications Inc. [VZ]: Insider Ownership positions

There are presently around $100,272 million, or 63.70% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 349,590,768, which is approximately 1.116% of the company’s market cap and around 0.02% of the total institutional ownership; BLACKROCK INC., holding 319,233,100 shares of the stock with an approximate value of $12.19 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.3 billion in VZ stock with ownership of nearly 0.793% 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 1,344 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 108,963,395 shares. Additionally, 1,553 investors decreased positions by around 154,856,212 shares, while 176 investors held positions by with 2,362,489,710 shares. The mentioned changes placed institutional holdings at 2,626,309,317 shares, according to the latest SEC report filing. VZ stock had 103 new institutional investments in for a total of 13,957,330 shares, while 276 institutional investors sold positions of 22,625,677 shares during the same period.

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