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 -0.21% and -6.04% over the past three months. VZ shares are trading 12.15% year to date (YTD), with the 12-month market performance up to 14.30% 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 17.45 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 -1.32%, -0.47%, and 2.19% respectively.
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Institutional ownership of Verizon Communications Inc (NYSE: VZ) shares accounts for 64.91% of the company’s 4.21B shares outstanding.
It has a market capitalization of $178.83B and a beta (3y monthly) value of 0.43. The stock’s trailing 12-month PE ratio is 18.23, while the earnings-per-share (ttm) stands at $2.32. The company has a PEG of 6.08 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 1.44% over the week and 1.60% over the month.
Analysts forecast that Verizon Communications Inc (VZ) will achieve an EPS of 1.11 for the current quarter, 1.16 for the next quarter and 4.74 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.06 while analysts give the company a high EPS estimate of 1.06. Comparatively, EPS for the current quarter was 1.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.62%, and 3.32% 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.
Looking at the support for the VZ, a number of firms have released research notes about the stock. Bernstein stated their Mkt Perform rating for the stock in a research note on December 10, 2024, with the firm’s price target at $48. Goldman was of a view on July 01, 2024 that the stock is Buy, while Redburn Atlantic gave the stock Neutral rating on March 22, 2024, issuing a price target of $33- $39. Barclays on their part issued Equal Weight rating on January 31, 2024.
