Currently, there are 4.21B common shares owned by the public and among those 4.21B shares have been available to trade.
The company’s stock has a 5-day price change of 2.30% and 12.54% over the past three months. VZ shares are trading 16.68% year to date (YTD), with the 12-month market performance up to 41.67% higher. It has a 12-month low price of $30.99 and touched a high of $45.36 over the same period. VZ has an average intraday trading volume of 18.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.41%, 2.50%, and 7.19% respectively.
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Institutional ownership of Verizon Communications Inc (NYSE: VZ) shares accounts for 64.32% of the company’s 4.21B shares outstanding.
It has a market capitalization of $185.18B and a beta (3y monthly) value of 0.41. The stock’s trailing 12-month PE ratio is 16.50, while the earnings-per-share (ttm) stands at $2.67. The company has a PEG of 18.58 and a Quick Ratio of 0.55 with the debt-to-equity ratio at 1.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.21% over the week and 1.26% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.57%, and 2.59% over the next financial year. EPS should grow at an annualized rate of 0.89% over the next five years, compared to -6.03% over the past 5-year period.
Looking at the support for the VZ, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on July 01, 2024, with the firm’s price target at $50. Redburn Atlantic coverage for the Verizon Communications Inc (VZ) stock in a research note released on March 22, 2024 offered a Neutral rating with a price target of $39. Barclays was of a view on January 31, 2024 that the stock is Equal Weight, while Daiwa Securities gave the stock Outperform rating on January 24, 2024, issuing a price target of $36- $47. Citigroup on their part issued Buy rating on January 16, 2024.
