Verizon Communications Inc [NYSE: VZ] closed the trading session at $44.33.
The stocks have a year to date performance of 17.59 percent and weekly performance of -0.23 percent. The stock has been moved at 9.35 percent over the last six months. The stock has performed 7.99 percent around the most recent 30 days and changed 10.16 percent over the most recent 3-months.
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If compared to the average trading volume of 18.68M shares, VZ reached to a volume of 52637335 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 $45.52 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 2.21. 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.
Goldman have made an estimate for Verizon Communications Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2024. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price from $33 to $39. The new note on the price target was released on March 22, 2024, representing the official price target for Verizon Communications Inc stock. Previously, the target price had yet another raise to $44, while Barclays analysts kept a Equal Weight rating on VZ stock. On January 24, 2024, analysts increased their price target for VZ shares from 36 to 47.
The Average True Range (ATR) for Verizon Communications Inc is set at 0.81, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 0.90. Price to Free Cash Flow for VZ in the course of the last twelve months was 9.69 with Quick ratio for the last quarter at 0.55.
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 -0.23. With this latest performance, VZ shares gained by 7.99% in over the last four-week period, additionally plugging by 9.35% over the last 6 months – not to mention a rise of 31.93% 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 64.40, with the RSI for the last a single of trading hit 65.43, and the three-weeks RSI is set at 62.77 for Verizon Communications Inc [VZ]. The present Moving Average for the last 50 days of trading for this stock 41.45, while it was recorded at 44.25 for the last single week of trading, and 40.41 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 0.55 and a Current Ratio set at 0.58.
Earnings per share (EPS) analysis for Verizon Communications Inc [VZ] stock
With the latest financial reports released by the company, Verizon Communications Inc posted 1.11/share EPS, while the average EPS was predicted by analysts to be reported at 1.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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]: Institutional Ownership
There are presently around $64.35%, or 64.38%% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 354.04 million shares, which is approximately 8.3995%. BLACKROCK INC., holding 348.87 million shares of the stock with an approximate value of $$14.39 billion in VZ stocks shares; and BLACKROCK INC., currently with $$7.64 billion in VZ stock with ownership which is approximately 4.3975%.
