In Monday’s Wall Street session, Verizon Communications Inc (NYSE:VZ) shares traded at $46.49, up 0.93% from the previous session.
VZ stock price is now 14.07% away from the 50-day moving average and 12.03% away from the 200-day moving average. The market capitalization of the company currently stands at $195.71B.
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, Venkatesh Vandana, EVP-PubPol&ChiefLegalOfficer sold 10,000 shares of the company’s stock on Feb 25 ’25. The stock was sold for $437,939 at an average price of $43.79. Upon completion of the transaction, the EVP-PubPol&ChiefLegalOfficer now directly owns 14,459 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 25 ’25, Officer Venkatesh Vandana bought 10,000 shares of the business’s stock. A total of $437,938 was incurred on buying the stock at an average price of $43.79. 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 $46.20. 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.
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.
