Looking To Buy Verizon Communications Inc. (VZ)? Read This First

Verizon Communications Inc. (NYSE:VZ) saw a downside of -1.22% to close Friday at $53.24 after subtracting -$0.66 on the day. The 5-day average trading volume is 18,432,980 shares of the company’s common stock. It has gained $54.85 in the past week. An average of 17,793,900 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,143,208.

VZ’s 1-month performance is -2.20% or -$1.67 on its low of $53.22 reached on 10/08/21. The company’s shares have touched a 52-week low of $53.83 and high of $61.95, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, VZ has lost -9.38% or -$5.51. However, the current price is down -14.06%% from the 52-week high price.


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Insider Transactions

On Oct 04, 7 days have gone by since the last insider trading activity for Verizon Communications Inc. (VZ). SILLIMAN CRAIG L. (EVP&ChiefAdminLegal&PubPolOff) most recently sold 1,554 shares at $54.45 per share on Oct 04. This transaction cost the insider $84,615. EVP&ChiefAdminLegal&PubPolOff, SILLIMAN CRAIG L., sold 1,554 shares at a price of $55.38 on Sep 07. Then, on Aug 11, EVP and Group CEO-VZ Media Gowrappan Kumara Guru sold 14,077 shares at a price of $55.56 per share. This transaction amounted to $782,118.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 16.97 and a low of 6.079. VZ stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.68 while the price-to-book (PB) in the most recent quarter is 2.99, with the price to cash flow ratio at 19.83.

Verizon Communications Inc. pays an annual dividend of $2.56 per share. Its dividend yield is 4.81% and the payout ratio is 51.70%. VZ paid $0.64 a share compared with prior rate of $0.6270, up 2.03% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0130 reported on Thursday September 2 2021. Measured over the last 3 years, the Dividend has been growing by 6.46% yearly.

It is projected that Verizon Communications Inc.’s next ex-dividend date will be on 7-Jan-2022. VZ is expected to distribute $0.64 as its next dividend.

Verizon Communications Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90 meaning that VZ stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.97, while the total debt to equity was 2.06. In terms of profitability, the gross margin trailing 12 months is 58.70%. The trailing 12-month EBITDA margin is 36.31% while for the period ending June 29; Verizon Communications Inc.’s operating margin was 22.30%. The firm’s gross profit as reported stood at $28.8 billion against revenue of $128.29 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VZ to announce $1.3 per share in earnings in its latest quarter, but it posted $1.37, representing a 5.40% surprise. EBITDA for the quarter stood at more than $12.19 billion. VZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 274.08 billion, with total debt at $180.01 billion. Shareholders hold equity totaling $4.14 billion

Technical Picture

Let’s look briefly at Verizon Communications Inc. (VZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 27.12% to suggest the stock is trending oversold, with historical volatility in this time period at 9.92%.

The stock’s 5-day moving average is $54.14, reflecting a -1.95% or -$1.06 change from its current price. VZ is currently trading -1.83% above its 20-day SMA, -6.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.89% and -9.75% respectively.

Stochastic %K and %D was 24.81% and 44.83% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 31.86%, while the 14-day stochastic is at 1.23% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -0.32 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Verizon Communications Inc. (NYSE: VZ), Loop Capital launched coverage with a Hold rating. Analysts offering their rating for VZ stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate VZ as a “sell,”, while 19 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is VZ’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $52.00 and a high of $68.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Verizon Communications Inc. (VZ) stock is $60.45.

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