Verizon Communications Inc. [NYSE: VZ] closed the trading session at $40.00 on 01/20/23. The day’s price range saw the stock hit a low of $39.46, while the highest price level was $40.12. The company report on January 19, 2023 that Verizon and Centech Unveil Results of 5G Development Hub.
Launched by Verizon and Centech, in collaboration with Bell Canada, the 5G Development Hub creates a unique space for startups and scaleups to realize the transformative power of 5G and Mobile Edge Computing (MEC).
The stocks have a year to date performance of 1.52 percent and weekly performance of -4.33 percent. The stock has been moved at -16.07 percent over the last six months. The stock has performed 8.02 percent around the most recent 30 days and changed 9.38 percent over the most recent 3-months.
If compared to the average trading volume of 24.42M shares, VZ reached to a volume of 23140376 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 $45.05 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 Market Perform, with their previous recommendation back on December 19, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $41 to $44. The new note on the price target was released on December 15, 2022, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise to $50, while Oppenheimer analysts kept a Outperform rating on VZ stock.
The Average True Range (ATR) for Verizon Communications Inc. is set at 0.87, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.92, 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 46.40 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 -4.33. With this latest performance, VZ shares gained by 8.02% in over the last four-week period, additionally sinking by -16.07% over the last 6 months – not to mention a drop of -25.23% 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 50.79, with the RSI for the last a single of trading hit 45.69, and the three-weeks RSI is set at 52.44 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 38.88, while it was recorded at 40.55 for the last single week of trading, and 43.95 for the last 200 days.
Verizon Communications Inc. [VZ]: An insightful look at the core 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 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 1.55%.
Verizon Communications Inc. [VZ]: Insider Ownership positions
There are presently around $103,505 million, or 63.80% 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 $12.77 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.6 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 January and at the time of the January reporting period, where 1,286 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 111,304,016 shares. Additionally, 1,546 investors decreased positions by around 156,871,070 shares, while 177 investors held positions by with 2,319,457,536 shares. The mentioned changes placed institutional holdings at 2,587,632,622 shares, according to the latest SEC report filing. VZ stock had 116 new institutional investments in for a total of 15,235,083 shares, while 239 institutional investors sold positions of 23,484,371 shares during the same period.