Verizon Communications Inc [NYSE: VZ] gained 0.25% on the last trading session, reaching $35.71 price per share at the time. The company report on November 10, 2023 at 3:33 PM that Verizon invests $400K in NYC small businesses to advance digital inclusion, economic prosperity.
According to the NYC Economic Development Corporation, 29 percent of city households lack broadband access, with similar gaps in mobile connectivity, affecting approximately 1.6 million residents. These barriers impact small business owners who need the skills and resources to succeed in an increasingly digital economy.
Verizon Communications Inc represents 4.20 billion in outstanding shares, while the company has a total market value of $150.13 billion with the latest information. VZ stock price has been found in the range of $35.395 to $35.92.
If compared to the average trading volume of 22.49M shares, VZ reached a trading volume of 12784971 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 $39.42 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 2.42. 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.
Barclays have made an estimate for Verizon Communications Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 25, 2023.
The Average True Range (ATR) for Verizon Communications Inc is set at 0.70, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for VZ in the course of the last twelve months was 9.21 with Quick ratio for the last quarter at 0.60.
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 -0.86. With this latest performance, VZ shares gained by 15.53% in over the last four-week period, additionally sinking by -5.00% over the last 6 months – not to mention a drop of -5.08% 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 63.61, with the RSI for the last a single of trading hit 65.43, and the three-weeks RSI is set at 61.16 for Verizon Communications Inc [VZ]. The present Moving Average for the last 50 days of trading for this stock 33.30, while it was recorded at 35.74 for the last single week of trading, and 35.84 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 Total Capital for VZ is now 11.50, given the latest momentum, and Return on Invested Capital for the company is 8.47. Return on Equity for this stock inclined to 24.58, with Return on Assets sitting at 5.70. When it comes to the capital structure of this company, Verizon Communications Inc [VZ] has a Total Debt to Total Equity ratio set at 193.46. Additionally, VZ Total Debt to Total Capital is recorded at 65.92, with Total Debt to Total Assets ending up at 46.44. Long-Term Debt to Equity for the company is recorded at 178.00, with the Long-Term Debt to Total Capital now at 60.65.
Reflecting on the efficiency of the workforce at the company, Verizon Communications Inc [VZ] managed to generate an average of $181,520 per employee. Receivables Turnover for the company is 5.50 with a Total Asset Turnover recorded at a value of 0.37.Verizon Communications Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.64.
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 0.53%.
An analysis of Institutional ownership at Verizon Communications Inc [VZ]
The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in VZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in VZ stock with ownership which is approximately 5.7994%.