Verizon Communications Inc [VZ] stock prices are up 0.10% to $42.07 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VZ shares have gain 1.86% over the last week, with a monthly amount glided 6.61%, 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 July 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $50. Previously, Redburn Atlantic upgraded its rating to Neutral on March 22, 2024, and elevated its price target to $39. On January 31, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $44 on the stock. Daiwa Securities upgraded its rating to a Outperform and increased its price target to $47 on January 24, 2024. Citigroup reiterated its recommendation of a Buy and raised its price target to $45 on January 16, 2024. Wolfe Research upgraded its rating to Outperform for this stock on January 04, 2024, but kept the price target unchanged to $46. In a note dated January 03, 2024, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $45.
The stock price of Verizon Communications Inc [VZ] has been fluctuating between $30.14 and $43.42 over the past year. Currently, Wall Street analysts expect the stock to reach $51.37 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $42.07 at the most recent close of the market. An investor can expect a potential return of 22.11% based on the average VZ price forecast.
Analyzing the VZ fundamentals
The Verizon Communications Inc [NYSE:VZ] reported sales of 134.04B for trailing twelve months, representing a surge of 0.21%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.08%. 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 of1.49.
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 41.69 points at the first support level, and at 41.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.49, and for the 2nd resistance point, it is at 42.90.
Ratios To Look Out For
It’s worth pointing out that Verizon Communications Inc [NYSE:VZ]’s Current Ratio is 0.66. As well, the Quick Ratio is 0.62, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 15.69.
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.
