How Do Verizon Communications Inc (NYSE:VZ)’s Fundamentals Affect Performance

In yesterday’s Wall Street session, Verizon Communications Inc (NYSE:VZ) shares traded at $36.73, up 1.38% from the previous session.

26 analysts cover Verizon Communications Inc (NYSE:VZ), according to research data. 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 $32.15, we find $39.00. Given the previous closing price of $36.23, this indicates a potential upside of 7.65 percent. VZ stock price is now 9.67% away from the 50-day moving average and 2.87% away from the 200-day moving average. The market capitalization of the company currently stands at $154.42B.

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The stock has received a hold rating from 14 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $39.54 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 $0.32 million. Insiders disposed of 540,421 shares of company stock worth roughly $19.85 million over the past 1 year. A total of 0.04% of the company’s stock is owned by insiders.

On Monday morning Verizon Communications Inc (NYSE: VZ) stock kicked off with the opening price of $36.28. 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 $320.17B, which is based on a 7.40 price-to-earnings ratio, a 13.89 price-to-earnings-growth ratio, and a beta of 0.37. The fifty day moving average price for VZ is $33.49 and a two-hundred day moving average price translates $35.71 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 $1.12, beating analysts’ expectations of $1.08 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 $31.59B in revenue.

Verizon Communications Inc(VZ) Company Profile

Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks. It also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including data, video, conferencing, corporate networking, security and managed network, local and long-distance voice, network access, and various IoT services and products, as well as FWA broadband through its wireless networks. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

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