Verizon Communications Inc. [VZ] stock is down -1.01 while the S&P 500 has fallen -0.06% on Tuesday, 10/13/20. While at the time of this article, VZ ATR is sitting at 0.75, with the beta value at 0.38. This stock’s volatility for the past week remained at 1.08%, while it was 1.22% for the past 30-day period. VZ has fallen -$0.6 from the previous closing price of $59.36 on volume of 4.75 million shares.

On 14, October 2020, Verizon to Establish Network Point-of-Presence at NJFX. According to news published on Yahoo Finance, Its underground fiber long-haul network is a key asset for secure, resilient infrastructures.

Analyst Birdseye View:

The most recent analyst activity for Verizon Communications Inc. [NYSE:VZ] stock was on March 16, 2020, when it was Upgrade with an Outperform rating from Raymond James. Before that, on September 08, 2020, Argus Recapitulated a Buy rating and elevated its amount target to $68. On March 02, 2020, Cowen Upgrade an Outperform rating and boosted its price target on this stock to $61. On February 03, 2020, Credit Suisse Downgrade a Neutral rating and increased its price target to $65. On January 22, 2020, Deutsche Bank Initiated a Hold rating and increased its price target to $63. On November 14, 2019, HSBC Securities Downgrade a Hold rating and boosted its amount on this stock to $65. On November 04, 2019, Nomura Downgrade a Neutral rating and decreased its target amount on this stock from $67 to $65.

In the past 52 weeks of trading, this stock has oscillated between a low of $48.84 and a peak of $62.22. Right now, according to Wall Street analyst the average 12-month amount target is $61.30. At the most recent market close, shares of Verizon Communications Inc. [NYSE:VZ] were valued at $58.76. According to the average price forecast, investors can expect a potential return of -1.11%.

FUNDAMENTAL ANALYSIS

Verizon Communications Inc. [NYSE:VZ] most recently reported quarterly sales of 30.45 billion, which represented growth of -5.10%. This publicly-traded organization’s revenue is $976,800 per employee, while its income is $142,704 per employee. This company’s Gross Margin is currently 59.10%, its Operating Margin is 20.20%, its Pretax Margin is +17.24, and its Net Margin is +14.61. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.92, 33.64, 16.77 and 11.35 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 68.44 and the whole liability to whole assets at 45.64. It shows enduring liability to the whole principal at 61.22 and enduring liability to assets at 0.41 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 58.90 points at 1st support level, the second support level is making up to 58.44. But as of 1st resistance point, this stock is sitting at 59.77 and at 60.18 for 2nd resistance point.

Verizon Communications Inc. [VZ] reported its earnings at $1.18 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.15/share signifying the difference of 0.03 and 2.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1.26 calling estimates for $1.22/share with the difference of 0.04 depicting the surprise of 3.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Verizon Communications Inc. [NYSE:VZ] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.09. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.93, it’s amount to book ratio is 4.14 and showing 12.84 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Skiadas Anthony T, SVP & Controller, and it was the sale of 10744.0 shares on May 01. Dunne Ronan, the EVP and Group CEO-VZ Consumer, completed a purchase of 18839.0 shares on Feb 28. On Feb 25, Skiadas Anthony T, SVP & Controller, completed a sale of 10775.0 shares.