Verizon Communications Inc. [NYSE: VZ] surged by $0.21 during the normal trading session on Friday and reaching a high of $38.76 during the day while it closed the day at $38.74. The company report on February 24, 2023 that Verizon Introduces $39 a Month Fios Business Internet Plan for Boston Small Business Owners.
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Verizon Communications Inc. stock has also loss -2.76% of its value over the past 7 days. However, VZ stock has declined by -1.17% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.04% and lost -1.68% year-on date.
The market cap for VZ stock reached $161.82 billion, with 4.21 billion shares outstanding and 4.20 billion shares in the current float. Compared to the average trading volume of 22.57M shares, VZ reached a trading volume of 16427006 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 $44.84 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.
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 0.90, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for VZ in the course of the last twelve months was 49.81 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 -2.76. With this latest performance, VZ shares dropped by -3.94% in over the last four-week period, additionally sinking by -11.04% over the last 6 months – not to mention a drop of -27.47% 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 37.49, with the RSI for the last a single of trading hit 31.81, and the three-weeks RSI is set at 41.91 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 39.95, while it was recorded at 39.19 for the last single week of trading, and 42.66 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 +22.27 and a Gross Margin at +44.29. Verizon Communications Inc.’s Net Margin is presently recorded at +15.53.
Return on Equity for this stock inclined to 24.58, with Return on Assets sitting at 5.70.
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.
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 0.82%.
Verizon Communications Inc. [VZ]: Insider Ownership positions
There are presently around $102,714 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 354,645,505, which is approximately 1.446% of the company’s market cap and around 0.03% of the total institutional ownership; BLACKROCK INC., holding 331,030,544 shares of the stock with an approximate value of $12.82 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.79 billion in VZ stock with ownership of nearly 6.26% of the company’s market capitalization.
1,290 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 200,075,402 shares. Additionally, 1,596 investors decreased positions by around 173,518,967 shares, while 159 investors held positions by with 2,277,760,825 shares. The mentioned changes placed institutional holdings at 2,651,355,194 shares, according to the latest SEC report filing. VZ stock had 261 new institutional investments in for a total of 18,168,754 shares, while 170 institutional investors sold positions of 17,207,652 shares during the same period.