Currently, Verizon Communications Inc [VZ] is trading at $42.25, up 1.44%. 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 gain 4.48% over the last week, with a monthly amount drifted -3.96%, and not 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 October 24, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Goldman started tracking the stock with Buy rating on July 01, 2024, and set its price target to $50. On March 22, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $39 on the stock. Barclays downgraded its rating to a Equal Weight but stick to its price target of $44 on January 31, 2024. Daiwa Securities upgraded its rating to a Outperform and raised its price target to $47 on January 24, 2024. Citigroup reiterated a Buy rating for this stock on January 16, 2024, and upped its price target to $45. In a note dated January 04, 2024, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $46.
This stock has fluctuated between a low of $35.93 and a high of $45.36 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $49.95 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $42.25 at the most recent close of the market. An investor can expect a potential return of 18.22% 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 -0.02% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.56.
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 41.75 points at the first support level, and at 41.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.66, and for the 2nd resistance point, it is at 43.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verizon Communications Inc [NYSE:VZ] is 0.61. Also, the Quick Ratio is 0.57, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 18.22.
Transactions by insiders
Recent insider trading involved Silliman Craig L., Officer, that happened on Nov 01 ’24 when 9259.0 shares were purchased. Officer, Silliman Craig L. completed a deal on Oct 01 ’24 to buy 9259.0 shares. Meanwhile, Officer Silliman Craig L. bought 9259.0 shares on Sep 03 ’24.
