Verizon Communications Inc (NYSE:VZ) saw a downside of -0.36% to close Monday at $33.16 after subtracting -$0.12 on the day. The 5-day average trading volume is 21,096,820 shares of the company’s common stock. It has gained $33.94 in the past week and touched a new high 2 times within the past 5 days. An average of 21,464,740 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 25,765,799.
VZ’s 1-month performance is -0.66% or -$0.19 on its low of $32.87 reached on 09/25/23. The company’s shares have touched a 52-week low of $31.25 and high of $42.58, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, VZ has lost -15.84% or -$6.24 and has reached a new high 4 times. However, the current price is down -22.12% from the 52-week high price.
Insider Transactions
VZ stock investors last saw insider trading activity on Aug 11.Hammock Samantha (EVP & Chief HR Officer) most recently sold 12,557 shares at $33.29 per share on Aug 11. This transaction cost the insider $418,023. EVP&Pres-Global Networks&Tech, Russo Joseph J., sold 7,585 shares at a price of $36.30 on May 23. Then, on Apr 10, EVP&Pres.-VZ Global Services Silliman Craig L. sold 3,340 shares at a price of $39.21 per share. This transaction amounted to $130,961.
Valuation Metrics
VZ stock has a beta of 0.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.03 while the price-to-book (PB) in the most recent quarter is 1.46, with the price to cash flow ratio at 9.40.
Verizon Communications Inc’s quick ratio for the period ended June 29 was 0.64, with the current ratio over the same period at 0.68. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.67, while the total debt to equity was 1.87. In terms of profitability, the gross margin trailing 12 months is 45.30%. The trailing 12-month EBITDA margin is 34.76% while for the period ending June 29, Verizon Communications Inc’s operating margin was 22.34%. The firm’s gross profit as reported stood at $30.47 billion against revenue of $136.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -11.85% to $4.65 billion, while revenue of $4.91 billion was -5.62% off the previous quarter. Analysts expected VZ to announce $1.16 per share in earnings in its latest quarter, but it posted $1.21, representing a 4.30% surprise. EBITDA for the quarter stood at more than $11.58 billion. VZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 283.45 billion, with total debt at $182.3 billion. Shareholders hold equity totaling $4.2 billion.
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 25 September was 36.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 7.91%.
The stock’s 5-day moving average is $33.35, reflecting a -1.10% or -$0.37 change from its current price. VZ is currently trading -0.57% above its 20-day SMA, -11.97% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.50% and SMA200 by-10.11%.
Stochastic %K and %D was 12.35% and 11.91% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 41.33%, while the 14-day stochastic is at 17.58% with the period’s ATR at 0.56. The stock’s 9-day MACD Oscillator is pointing at -0.31 and -0.43 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Verizon Communications Inc (NYSE: VZ), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. 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 18 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 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 $31.74 and a high of $45.00, with their median price target at $39.00. Looking at these predictions, the average price target given by analysts is for Verizon Communications Inc (VZ) stock is $38.85.
