Verizon Communications Inc. (NYSE: VZ) has a higher price-to-earnings ratio of 7.33x compared to its average ratio, and the 36-month beta value for VZ is at 0.34. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 19 as “hold,” and 1 as “sell.”
The average price suggested by analysts for VZ is $43.39, which is $8.09 above the current market price. The public float for VZ is 4.20B, and currently, shorts hold a 0.85% of that float. The average trading volume for VZ on March 16, 2023 was 22.04M shares.
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VZ) stock’s latest price update
Verizon Communications Inc. (NYSE: VZ)’s stock price has decreased by -0.84 compared to its previous closing price of 37.06. Despite this, the company has seen a gain of 0.55% in its stock price over the last five trading days. The Wall Street Journal reported on 03/03/23 that Verizon Shakes Up Executive Team After Tough Year
VZ’s Market Performance
VZ’s stock has risen by 0.55% in the past week, with a monthly drop of -8.88% and a quarterly drop of -2.93%. The volatility ratio for the week is 2.05% while the volatility levels for the last 30 days are 1.64% for Verizon Communications Inc. The simple moving average for the last 20 days is -4.07% for VZ stock, with a simple moving average of -12.31% for the last 200 days.
Analysts’ Opinion of VZ
Many brokerage firms have already submitted their reports for VZ stocks, with MoffettNathanson repeating the rating for VZ by listing it as a “Market Perform.” The predicted price for VZ in the upcoming period, according to MoffettNathanson is $41 based on the research report published on December 19th of the previous year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see VZ reach a price target of $44, previously predicting the price at $41. The rating they have provided for VZ stocks is “Overweight” according to the report published on December 15th, 2022.
Oppenheimer gave a rating of “Outperform” to VZ, setting the target price at $50 in the report published on October 06th of the previous year.
VZ Trading at -7.76% 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 -33.80% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -9.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.42% lower at present.
During the last 5 trading sessions, VZ rose by +0.52%, which changed the moving average for the period of 200-days by -28.52% in comparison to the 20-day moving average, which settled at $38.13. In addition, Verizon Communications Inc. saw -6.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VZ starting from Malady Kyle, who sale 7,546 shares at the price of $36.74 back on Mar 14. After this action, Malady Kyle now owns 74,192 shares of Verizon Communications Inc., valued at $277,240 using the latest closing price.
Malady Kyle, the EVP and Group CEO-VZ Business of Verizon Communications Inc., sale 7,199 shares at $36.50 during a trade that took place back on Mar 13, which means that Malady Kyle is holding 81,738 shares at $262,764 based on the most recent closing price.
Stock Fundamentals for VZ
Current profitability levels for the company are sitting at:
- +22.27 for the present operating margin
- +44.29 for the gross margin
The net margin for Verizon Communications Inc. stands at +15.53. Equity return is now at value 24.40, with 5.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In conclusion, Verizon Communications Inc. (VZ) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
