The stock of Verizon Communications Inc. (NYSE:VZ) increased by $1.14 on Tuesday to finish at $34.69, up 3.40 percent. The last five days have seen an average of 18,814,539 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$4.71. The average number of shares traded over the last 20 days was 20,085,730, while the average volume over the last 50 days totaled 25,434,760.
VZ stock appreciated 1.79% since last month. On 08/07/23, the company’s shares reached a one-month low of $32.18. The stock touched a high of $43.56 on 01/06/23, after rallying from a low of $31.25 in 52 weeks. The price of VZ stock has declined by -11.95% or -$4.71 this year, reaching a new high 4 times. Still, the stock price is down -20.37% from the 52-week high.
Insider Transactions
VZ stock investors should be aware that Verizon Communications Inc. (VZ) stock had its last reported insider trading activity 19 days ago on Aug 11. On Aug 11, EVP & Chief HR Officer Hammock Samantha sold 12,557 shares at $33.29 each. This transaction resulted in the insider making $418,023. On May 23, Russo Joseph J. sold 7,585 shares at a price of US$36.30. After the transaction, the insider now owns 8,582 shares. EVP&Pres.-VZ Global Services Silliman Craig L. had earlier sold 3,340 shares on Apr 10 for $39.21 a share. The transaction was completed for $130,961.
Valuation Metrics
Verizon Communications Inc. (VZ) has a trailing price-to-earnings (P/E) ratio of 6.94. Beta for the stock is 0.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 1.53, and the price-to-cash flow ratio of 11.80.
Company paid $0.6525 per share in dividends, remained unchanged from $0.6525 last year. A $0.0125 dividend increase was reported on Wednesday September 7 2022.
Financial Health
For the three months ended June 29, Verizon Communications Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.45, and the total debt to equity ratio is 1.60. As far as profitability goes, gross margin for the trailing twelve months is 58.10% percent. Verizon Communications Inc.’s EBITDA margin for the year ended June 29 was 34.76%, whereas its operating margin stood at 23.70% for the same period. Based on annual data, it had gross profit of $30.47 billion and revenue of $136.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VZ’s return on assets (ROA) during the last 12 months has been 5.60%. There was a 10.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.90%.
Earnings Surprise
According to Verizon Communications Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $32.6 billion, while revenues fell by -3.66% to $32.91 billion. It was predicted that Verizon Communications Inc.’s quarterly earnings would be $1.21, but it ended up being $1.16, beating the consensus by 4.30%. EBITDA was $11.58 billion for the quarter. At the end of Verizon Communications Inc.’s most recent quarter ended June 29, its liabilities totaled 283.45 billion, while its total debt was $182.3 billion. Equity owned by shareholders amounts to $4.2 billion.
Technical Picture
Here’s a quick look at Verizon Communications Inc.’s (VZ) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 75.38%, suggesting the stock is Overbought, with a 17.22% historical volatility rate.
The stochastic %K and %D were 89.25% and 83.31% respectively, while the average true range (ATR) was 0.60. Based on the 14-day stochastic reading of 96.97%, the RSI (14) reading is 63.52%. On the 9-day MACD Oscillator, the stock is at 0.46, and the 14-day reading is at 0.50.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on Verizon Communications Inc. (NYSE: VZ) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Verizon Communications Inc. (VZ) an Hold rating. VZ is a stock that is recommended for selling by 1 brokerage firm, while 19 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is VZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $45.00, with a median target price of $39.50. In analyzing these forecasts, the average price target given by analysts for Verizon Communications Inc. (VZ) is $39.59.
