Stocks of Verizon Communications Inc (NYSE:VZ) traded higher last session on Wall Street, up 0.42% to $43.50.
VZ stock price is now -0.32% away from the 50-day moving average and 2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $183.41B.
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, Malady Kyle, EVP and Group CEO-VZ Business sold 10,000 shares of the company’s stock on May 08 ’25. The stock was sold for $438,101 at an average price of $43.81. Upon completion of the transaction, the EVP and Group CEO-VZ Business now directly owns 8 shares in the company, valued at $348.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’25, EVP and Group CEO-VZ Business Malady Kyle sold 9,000 shares of the business’s stock. A total of $396,900 was realized by selling the stock at an average price of $44.10. This leaves the insider owning 10,008 shares of the company worth $0.44 million. A total of 0.07% 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 1.67, a current ratio of 0.56, and a quick ratio of 0.53.
The net profit margin was 13.14% and return on equity was 18.23% for VZ. The company reported revenue of $33.48 billion for the quarter, compared to $32.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.53 percent.
