The price of Verizon Communications Inc (NYSE:VZ) shares last traded on Wall Street fell -0.12% to $40.99.
VZ stock price is now 1.95% away from the 50-day moving average and -0.57% away from the 200-day moving average. The market capitalization of the company currently stands at $172.56B.
With the price target maintained at $40, DZ Bank recently Upgraded its rating from Hold to Buy for Verizon Communications Inc (NYSE: VZ). On December 10, 2024, Bernstein recently initiated its ‘Mkt Perform’ rating on the stock quoting a target price of $48, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Malady Kyle, EVP and Group CEO-VZ Business sold 6,590 shares of the company’s stock on Feb 04 ’25. The stock was sold for $261,623 at an average price of $39.70. Upon completion of the transaction, the EVP and Group CEO-VZ Business 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 Feb 03 ’25, EVP and Group CEO-VZ Business Malady Kyle sold 8,000 shares of the business’s stock. A total of $319,080 was realized by selling the stock at an average price of $39.88. This leaves the insider owning 6,590 shares of the company worth $0.27 million. A total of 0.06% 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 0.58, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $341394751488, which is based on a 9.89 price-to-earnings ratio, a 2.71 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for VZ is $40.207 and a two-hundred day moving average price translates $41.22405 for the stock.
The latest earnings results from Verizon Communications Inc (NYSE: VZ) was released for 2024-12-31. The net profit margin was 12.99% and return on equity was 18.27% for VZ. The company reported revenue of $35.68 billion for the quarter, compared to $35.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.57 percent. For the current quarter, analysts expect VZ to generate $33.47B in revenue.
