Market Analysts see Verizon Communications Inc. [VZ] gaining to $41. Time to buy?

Verizon Communications Inc. [NYSE: VZ] loss -0.39% or -0.15 points to close at $38.26 with a heavy trading volume of 23397730 shares. The company report on March 3, 2023 that Verizon to speak at Morgan Stanley TMT Conference March 7.

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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 $136.8 billion in 2022. 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.

It opened the trading session at $38.44, the shares rose to $38.51 and dropped to $38.06, the range by which the price of stock traded the whole day. The daily chart for VZ points out that the company has recorded -8.49% loss over the past six months. However, it is still -16.68% lower than its most recent low trading price.

If we look at the average trading volume of 22.31M shares, VZ reached to a volume of 23397730 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 0.78, 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 1.76, 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 49.65 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for VZ stock

Verizon Communications Inc. [VZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.24. With this latest performance, VZ shares dropped by -8.23% in over the last four-week period, additionally sinking by -8.49% over the last 6 months – not to mention a drop of -29.33% 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 35.04, with the RSI for the last a single of trading hit 29.41, and the three-weeks RSI is set at 39.72 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 40.06, while it was recorded at 38.53 for the last single week of trading, and 42.42 for the last 200 days.

Verizon Communications Inc. [VZ]: A deeper dive into fundamental analysis

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.

Verizon Communications Inc. [VZ]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Verizon Communications Inc. [VZ]

There are presently around $101,443 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 $12.67 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.71 billion in VZ stock with ownership of nearly 6.26% of the company’s market capitalization.

Positions in Verizon Communications Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 1,297 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 200,178,751 shares. Additionally, 1,593 investors decreased positions by around 173,527,054 shares, while 157 investors held positions by with 2,277,714,829 shares. The mentioned changes placed institutional holdings at 2,651,420,634 shares, according to the latest SEC report filing. VZ stock had 265 new institutional investments in for a total of 18,213,563 shares, while 168 institutional investors sold positions of 17,195,223 shares during the same period.


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