A share price of Verizon Communications Inc [VZ] is currently trading at $45.21, up 0.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The VZ shares have gain 1.23% over the last week, with a monthly amount glided 8.21%, 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.
Verizon Communications Inc experienced fluctuations in its stock price throughout the past year between $30.14 and $45.36. Currently, Wall Street analysts expect the stock to reach $50.78 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $45.21 at the most recent close of the market. An investor can expect a potential return of 12.32% based on the average VZ price forecast.
Analyzing the VZ fundamentals
Trailing Twelve Months sales for Verizon Communications Inc [NYSE:VZ] were 134.24B which represents 0.61% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.17%, 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 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.81.
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 44.83 points at the first support level, and at 44.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.41, and for the 2nd resistance point, it is at 45.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verizon Communications Inc [NYSE:VZ] is 0.58. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 16.95.
Transactions by insiders
Recent insider trading involved Silliman Craig L., Officer, that happened on Oct 01 ’24 when 9259.0 shares were purchased. Officer, Silliman Craig L. completed a deal on Sep 03 ’24 to buy 9259.0 shares. Meanwhile, Former Officer Silliman Craig L. bought 9259.0 shares on Aug 01 ’24.
