A share price of Verizon Communications Inc [VZ] is currently trading at $39.77, down -0.85%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VZ shares have lost -2.62% over the last week, with a monthly amount glided 0.71%, 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 experienced fluctuations in its stock price throughout the past year between $30.14 and $43.42. Currently, Wall Street analysts expect the stock to reach $53 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $39.77 at the most recent close of the market. An investor can expect a potential return of 33.27% based on the average VZ price forecast.
Analyzing the VZ fundamentals
Trailing Twelve Months sales for Verizon Communications Inc [NYSE:VZ] were 133.97B which represents -0.34% decline. 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 39.51 points at the first support level, and at 39.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.08, and for the 2nd resistance point, it is at 40.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verizon Communications Inc [NYSE:VZ] is 0.64. Also, the Quick Ratio is 0.60, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 14.43.
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.
