Stocks of Verizon Communications Inc (NYSE:VZ) traded higher last session on Wall Street, up 1.30% to $44.30.
VZ stock price is now 2.98% away from the 50-day moving average and 5.63% away from the 200-day moving average. The market capitalization of the company currently stands at $186.95B.
With the price target maintained at $48, Evercore ISI recently Upgraded its rating from In-line to Outperform for Verizon Communications Inc (NYSE: VZ). , while ‘DZ Bank’ rates the stock as ‘Buy’
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 $0.64 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 $47.35. 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 $355328884736, which is based on a 10.69 price-to-earnings ratio, a 3.24 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for VZ is $43.0168 and a two-hundred day moving average price translates $41.9406 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 $33.26B in revenue.
