Verizon Communications Inc [VZ] stock is trading at $40.85, down -0.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The VZ shares have gain 2.20% over the last week, with a monthly amount glided 2.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Verizon Communications Inc [NYSE: VZ] stock has seen the most recent analyst activity on March 22, 2024, when Redburn Atlantic upgraded its rating to a Neutral and also boosted its price target to $39 from $33. Previously, Barclays downgraded its rating to Equal Weight on January 31, 2024, and kept the price target unchanged to $44. On January 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $47 on the stock. Citigroup reiterated its Buy rating and increased its price target to $45 on January 16, 2024. Wolfe Research upgraded its rating to a Outperform but $46 remained the price target by the analyst firm on January 04, 2024. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on January 03, 2024, but kept the price target unchanged to $45. In a note dated October 25, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $37 to $38.
Verizon Communications Inc [VZ] stock has fluctuated between $30.14 and $43.21 over the past year. Currently, Wall Street analysts expect the stock to reach $53.56 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $40.85 at the most recent close of the market. An investor can expect a potential return of 31.11% based on the average VZ price forecast.
Analyzing the VZ fundamentals
Verizon Communications Inc [NYSE:VZ] reported sales of 133.97B for the trailing twelve months, which represents a drop of -0.34%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.71 points at the first support level, and at 40.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.99, and for the 2nd resistance point, it is at 41.14.
Verizon Communications Inc [VZ] reported earnings per share of $1.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.07/share, meaning a difference of $0.01 and a surprise factor of 0.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.11 per share as compared to estimates of $1.07 per share, a difference of $0.04 representing a surprise of 3.70%.
Ratios To Look Out For
For context, Verizon Communications Inc’s Current Ratio is 0.64. On the other hand, the Quick Ratio is 0.60, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.86 and price to earnings (TTM) ratio is 14.82.
Transactions by insiders
Recent insider trading involved Malady Kyle, EVP and Group CEO-VZ Business, that happened on Feb 22 ’24 when 24000.0 shares were sold. EVP and Group CEO-VZ Business, Malady Kyle completed a deal on Feb 15 ’24 to sell 15000.0 shares. Meanwhile, EVP&Pres.-VZ Global Services Silliman Craig L. sold 3340.0 shares on Dec 11 ’23.
