Verizon Communications Inc. (NYSE:VZ) went down by -0.13% from its latest closing price compared to the recent 1-year high of $61.95. The company’s stock price has collected -1.03% of loss in the last five trading sessions. Press Release reported on 07/22/21 that Verizon Frontline supporting wildfire response efforts nationwide
Is It Worth Investing in Verizon Communications Inc. (NYSE :VZ) Right Now?
Verizon Communications Inc. (NYSE:VZ) scored a price-to-earnings ratio above its average ratio, recording 11.58 x from its present earnings ratio. Plus, the 36-month beta value for VZ is at 0.46. Opinions of the stock are interesting as 6 analysts out of 29 who provided ratings for Verizon Communications Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 20 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $60.42, which is $4.44 above the current price. VZ currently public float of 4.14B and currently shorts hold a 1.16% ratio of that float. Today, the average trading volume of VZ was 16.36M shares.
VZ’s Market Performance
VZ stocks went down by -1.03% for the week, with a monthly drop of -0.34% and a quarterly performance of -2.48%, while its annual performance rate touched 0.05%. The volatility ratio for the week stands at 1.56% while the volatility levels for the past 30 days are set at 0.94% for Verizon Communications Inc.. The simple moving average for the period of the last 20 days is -0.49% for VZ stocks with a simple moving average of -3.01% for the last 200 days.
Analysts’ Opinion of VZ
Many brokerage firms have already submitted their reports for VZ stocks, with RBC Capital Mkts repeating the rating for VZ by listing it as a “Sector Perform.” The predicted price for VZ in the upcoming period, according to RBC Capital Mkts is $57 based on the research report published on July 22nd of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see VZ reach a price target of $65, previously predicting the price at $64. The rating they have provided for VZ stocks is “Overweight” according to the report published on July 22nd, 2021.
Credit Suisse gave a rating of “Neutral” to VZ, setting the target price at $60 in the report published on July 22nd of the current year.
VZ Trading at -1.38% from the 50-Day Moving Average
After a stumble in the market that brought VZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.80% of loss for the given period.
Volatility was left at 0.94%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares sank -0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.33% lower at present.
During the last 5 trading sessions, VZ fell by -1.03%, which changed the moving average for the period of 200-days by -6.02% in comparison to the 20-day moving average, which settled at $56.13. In addition, Verizon Communications Inc. saw -4.89% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at VZ starting from SILLIMAN CRAIG L., who sale 1,555 shares at the price of $56.45 back on Jul 06. After this action, SILLIMAN CRAIG L. now owns 31,577 shares of Verizon Communications Inc., valued at $87,780 using the latest closing price.
SILLIMAN CRAIG L., the EVP&ChiefAdminLegal&PubPolOff of Verizon Communications Inc., sale 1,555 shares at $56.90 during a trade that took place back on Jun 04, which means that SILLIMAN CRAIG L. is holding 33,132 shares at $88,480 based on the most recent closing price.
Stock Fundamentals for VZ
Equity return is now at value 26.70, with 5.70 for asset returns.