Verizon Communications Inc [VZ] stock prices are up 0.55% to $40.21 at the moment. 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 1.03% over the last week, with a monthly amount drifted -8.30%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Verizon Communications Inc [NYSE: VZ] stock has seen the most recent analyst activity on December 10, 2024, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $48. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on October 24, 2024. On July 01, 2024, Goldman initiated with a Buy rating and assigned a price target of $50 on the stock. Redburn Atlantic upgraded its rating to a Neutral and increased its price target to $39 on March 22, 2024. Barclays downgraded its rating to a Equal Weight but $44 remained the price target by the analyst firm on January 31, 2024. Daiwa Securities upgraded its rating to Outperform for this stock on January 24, 2024, and upped its price target to $47. In a note dated January 16, 2024, Citigroup reiterated an Buy rating on this stock and boosted its target price from $42 to $45.
The stock price of Verizon Communications Inc [VZ] has been fluctuating between $37.56 and $45.36 over the past year. Currently, Wall Street analysts expect the stock to reach $47.22 within the next 12 months. Verizon Communications Inc [NYSE: VZ] shares were valued at $40.21 at the most recent close of the market. An investor can expect a potential return of 17.43% based on the average VZ price forecast.
Analyzing the VZ fundamentals
The Verizon Communications Inc [NYSE:VZ] reported sales of 134.24B for trailing twelve months, representing a drop of -0.02%. 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 39.94 points at the first support level, and at 39.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.52, and for the 2nd resistance point, it is at 40.83.
Ratios To Look Out For
It’s worth pointing out that Verizon Communications Inc [NYSE:VZ]’s Current Ratio 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 1.26, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 17.34.
Transactions by insiders
Recent insider trading involved Silliman Craig L., Officer, that happened on Dec 02 ’24 when 9258.0 shares were purchased. Officer, Silliman Craig L. completed a deal on Nov 01 ’24 to buy 9259.0 shares. Meanwhile, Officer Silliman Craig L. bought 9259.0 shares on Oct 01 ’24.
