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 4.33% and 6.13% over the past three months. VZ shares are trading 17.61% year to date (YTD), with the 12-month market performance up to 17.43% higher. It has a 12-month low price of $36.46 and touched a high of $45.36 over the same period. VZ has an average intraday trading volume of 18.82 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 5.64%, 3.36%, and 7.46% respectively.
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Institutional ownership of Verizon Communications Inc (NYSE: VZ) shares accounts for 64.90% of the company’s 4.21B shares outstanding.
It has a market capitalization of $186.49B and a beta (3y monthly) value of 0.43. The stock’s trailing 12-month PE ratio is 19.12, while the earnings-per-share (ttm) stands at $2.32. The company has a PEG of 6.37 and a Quick Ratio of 0.57 with the debt-to-equity ratio at 1.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.53% over the week and 1.72% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.57%, and 3.25% over the next financial year. EPS should grow at an annualized rate of 3.00% over the next five years, compared to -6.03% over the past 5-year period.
Goldman coverage for the Verizon Communications Inc (VZ) stock in a research note released on July 01, 2024 offered a Buy rating with a price target of $50. Redburn Atlantic was of a view on March 22, 2024 that the stock is Neutral, while Barclays gave the stock Equal Weight rating on January 31, 2024, issuing a price target of $44. Daiwa Securities on their part issued Outperform rating on January 24, 2024.
