Verizon Communications Inc. (NYSE:VZ) finished Thursday with an addition of $0.45 to close at $39.93, an upside of 1.14 percent. An average of 25,001,941 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 22,363,000 shares traded, while the 50-day average volume stands at 21,154,875.
VZ stock has decreased by -8.14% in the last month. The company shares reached their 1-month lowest point of $39.26 on 09/22/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $39.47 and a high of $55.51 in 52 weeks. It has reached a new high 7 times so far this year and lost -23.15% or -$12.03 in price. In spite of this, the price is down -28.07% from the 52-week high.
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80 days have passed since Verizon Communications Inc. (VZ) last reported insider trading activity. Silliman Craig L., who is EVP&ChiefAdminLegal&PubPolOff, most recently acquired $1,558 shares at $51.42 per share on Jul 05. In this transaction, the insider spent $80,112. EVP&ChiefAdminLegal&PubPolOff, Silliman Craig L., disposed of 1,558 shares at a price of $50.94 on Jun 03. The insider now owns more than $79,365 worth of shares. Prior to that, EVP&ChiefAdminLegal&PubPolOff Silliman Craig L. went on to Sale 1,558 shares at $50.00 each on May 23. An amount of $77,900 was transacted.
Verizon Communications Inc. (VZ) has a trailing price-to-earnings (P/E) ratio of 8.02. The stock’s beta is 0.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 1.95, and the price-to-cash flow ratio at 40.88.
The company has a payout ratio of 51.10%. The company’s most recent quarterly dividend payment was $0.6525 a share, representing a up of 1.95% from $0.64 last year. Its latest increase dividend $0.0125 reported on Wednesday September 7 2022.
The quick ratio of Verizon Communications Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.58 and a total debt to equity ratio of 1.73 for the quarter ending June 29. Its gross profit as reported stood at $32.45 billion compared to revenue of $133.61 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Verizon Communications Inc.’s return on assets was 5.70%.
For the three-month period that ended June 29, Verizon Communications Inc. had $136.18 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.2 billion in the quarter, while revenues of $4.58 billion were shrunk -0.88%. The analyst consensus anticipated Verizon Communications Inc.’s latest quarter earnings to come in at $1.32 per share, but it turned out to be $1.31, a -0.80% surprise. For the quarter, EBITDA amounted to $11.87 billion. Shareholders own equity worth $4.2 billion.
From a technical analysis perspective, let’s take a brief look at Verizon Communications Inc. (VZ) price momentum. RSI 9-day as of the close on 22 September was 30.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.30%.
As of today, VZ’s price is $40.50 -2.68% or -$1.10 from its 5-day moving average. VZ is currently trading -8.31% lower than its 20-day SMA and -13.76% lower than its 100-day SMA. However, the stock’s current price level is -20.95% below the SMA50 and -21.81% below the SMA200.
The stochastic %K and %D were 8.00% and 10.82%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 18.66% and the average true range at 0.84, the RSI (14) stands at 30.76%. The stock has reached -1.03 on the 9-day MACD Oscillator while the 14-day reading was at -1.17.
MoffettNathanson downgraded Verizon Communications Inc. (NYSE: VZ) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for Verizon Communications Inc. (VZ) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell VZ, while 21 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.
What is VZ’s price target for the next 12 months?
Analysts predict a range of price targets between $41.00 and $64.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Verizon Communications Inc. (VZ) stock is $50.75.