In yesterday’s Wall Street session, Verizon Communications Inc (NYSE:VZ) shares traded at $40.64, up 2.78% from the previous session.
VZ stock price is now -0.64% away from the 50-day moving average and -1.36% away from the 200-day moving average. The market capitalization of the company currently stands at $171.08B.
With the price target of $48, Bernstein recently initiated with Mkt Perform rating for Verizon Communications Inc (NYSE: VZ). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, Malady Kyle, Officer bought 10,000 shares of the company’s stock on Jan 27 ’25. The stock was bought for $407,223 at an average price of $40.72. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27 ’25, Officer Malady Kyle bought 10,000 shares of the business’s stock. A total of $403,493 was incurred on buying the stock at an average price of $40.35. A total of 0.05% of the company’s stock is owned by insiders.
During the past 12 months, Verizon Communications Inc has had a low of $37.58 and a high of $45.36. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 0.63, and a quick ratio of 0.59. According to the stock market information, the enterprise value for the company is $339618168832, which is based on a 9.81 price-to-earnings ratio, a 2.70 price-to-earnings-growth ratio, and a beta of 0.44. The fifty day moving average price for VZ is $40.898 and a two-hundred day moving average price translates $41.20095 for the stock.
The latest earnings results from Verizon Communications Inc (NYSE: VZ) was released for 2024-09-30. The net profit margin was 12.99% and return on equity was 18.27% for VZ. The company reported revenue of $33.33 billion for the quarter, compared to $33.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.02 percent. For the current quarter, analysts expect VZ to generate $33.47B in revenue.
