Verizon Communications Inc (NYSE:VZ) shares traded 0.31% higher at $35.82 on Wall Street last session.
In accordance with the data, 26 analysts cover Verizon Communications Inc (NYSE:VZ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $31.74, we find $39.00. Given the previous closing price of $35.71, this indicates a potential upside of 9.21 percent. VZ stock price is now 7.56% away from the 50-day moving average and -0.05% away from the 200-day moving average. The market capitalization of the company currently stands at $150.59B.
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It has been rated a hold by 14 analysts and a buy by 8. Brokers who have rated the stock have averaged $39.42 as their price target over the next twelve months.
With the price target enhanced from $37 to $38, Barclays Upgraded its rating from Equal Weight to Overweight for Verizon Communications Inc (NYSE: VZ).
In other news, Hammock Samantha, EVP & Chief HR Officer sold 12,557 shares of the company’s stock on Aug 11. The stock was sold for $418,023 at an average price of $33.29. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, EVP&Pres-Global Networks&Tech Russo Joseph J. sold 7,585 shares of the business’s stock. A total of $275,336 was realized by selling the stock at an average price of $36.30. This leaves the insider owning 8,582 shares of the company worth $0.31 million. Insiders disposed of 540,421 shares of company stock worth roughly $19.36 million over the past 1 year. A total of 0.03% of the company’s stock is owned by insiders.
Verizon Communications Inc (NYSE: VZ) opened at $35.64 on Monday. During the past 12 months, Verizon Communications Inc has had a low of $30.14 and a high of $42.58. As of last week, the company has a debt-to-equity ratio of 1.76, a current ratio of 0.64, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $317.99B, which is based on a 7.22 price-to-earnings ratio, a 13.54 price-to-earnings-growth ratio, and a beta of 0.37. The fifty day moving average price for VZ is $33.30 and a two-hundred day moving average price translates $35.84 for the stock.
The latest earnings results from Verizon Communications Inc (NYSE: VZ) was released for Sep, 2023. According to the Telecom Services Company, earnings per share came in at $1.22, beating analysts’ expectations of $1.18 by 0.04. This compares to $1.17 EPS in the same period last year. The net profit margin was 15.58% and return on equity was 22.56% for VZ. The company reported revenue of $33.34 billion for the quarter, compared to $34.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.64 percent. For the current quarter, analysts expect VZ to generate $34.49B in revenue.
