So Far This Year, Verizon Communications Inc. (VZ) Reached A New High 3 times

As of Thursday close, Verizon Communications Inc.’s (NYSE:VZ) stock was up $0.18, moving up 0.38 percent to $48.06. The average number of shares traded per day over the past five days has been 21,695,500 shares. 3 times new highs have been achieved over the past 5 days, with a $0.22 gain in that time frame. In the last twenty days, the average volume was 27,348,230, while in the previous 50 days, it was 27,185,344.

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Since last month, VZ stock retreated -10.45%. Shares of the company fell to $45.55 on 05/02/22, the lowest level in the past month. A 52-week high of $59.26 was reached on 04/21/22 after having rallying from a 52-week low of $45.55. Since the beginning of this year, VZ’s stock price has dropped by -7.51% or -$3.90, and marked a new high 7 times. However, the stock has declined by -18.89% since its 52-week high.

Verizon Communications Inc. (VZ) last reported insider trading activity 17 days ago on Apr 26. Erwin Tami A., the EVP and Group CEO-VZ Business of the company, disposed of 23,647 shares for $49.77 on Apr 26. It resulted in a $1,176,911 divestment by the insider. Silliman Craig L. sold 1,558 shares at an average price of $52.00 on Apr 04. The insider now owns 38,077 shares following the transaction. On Mar 03, EVP&ChiefAdminLegal&PubPolOff Silliman Craig L. sold 1,558 shares at $54.48 apiece. The transaction was valued at $84,880.

Valuation Metrics

Right now, Verizon Communications Inc. (VZ) has a P/E ratio of about 9.35. The stock’s beta is 0.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.49, the price-to-book (PB) ratio of 2.41, and the price-to-cash flow ratio of 43.92 may also be considered.

The latest dividend of $0.64 per share was paid out, remained unchanged from last year’s $0.64. On Thursday September 2 2021, a $0.0130 dividend increase was announced.

Financial Health

In the three months ended September 29, Verizon Communications Inc.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.67, and the total debt-to-equity ratio was 1.83. On the profitability front, the trailing twelve-month gross margin is 57.50% percent. In the year ended September 29, operating margins totaled 22.70%. Based on annual data, VZ earned $32.45 billion in gross profit and brought in $133.61 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.50%. Return on equity (ROE) for the past 12 months was 27.10%.

In Verizon Communications Inc.’s quarter-end financial report for September 29, it reported total debt of $139.96 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VZ’s revenue rose 5.99% to $32.91 billion during the quarter, while net income inched up to $33.55 billion. While analysts expected Verizon Communications Inc. to report $1.36 quarterly earnings, the actual figure was $1.41 per share, beating the consensus estimate by 3.70%. During the quarter, the company generated $12.03 billion in EBITDA. The liabilities of Verizon Communications Inc. were 280.54 billion at the end of its most recent quarter ended September 29, and its total debt was $178.98 billion. The value of shareholders’ equity is $4.2 billion.

Technical Picture

This quick technical analysis looks at Verizon Communications Inc.’s (VZ) price momentum. With a historical volatility rate of 18.64%, the RSI 9-day stood at 40.10% on 12 May.

With respect to its five-day moving average, the current Verizon Communications Inc. price is up by +0.46% percent or $0.22. At present, VZ shares trade -11.23% below its 20-day simple moving average and -9.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.23% below its SMA50 and -13.75% below its SMA200.

Stochastic coefficient K was 32.57% and Stochastic coefficient D was 29.74%, while ATR was 1.20. Given the Stochastic reading of 42.63% for the 14-day period, the RSI (14) reading has been calculated as 39.29%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at -0.08.

Analyst Ratings

Verizon Communications Inc. downgraded its rating on Verizon Communications Inc. (NYSE: VZ) to a Sell in a note to investors on April 29, 2022. The analysts firm previously had a Hold rating on the stock.Verizon Communications Inc. (VZ) has been rated Hold by analysts. According to 1 brokerage firm, VZ is a sell, and 20 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Verizon Communications Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $57.00, the current consensus forecast for the stock is $52.00 – $71.00. Based on these forecasts, analysts predict Verizon Communications Inc. (VZ) will achieve an average price target of $58.77.


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