Verizon Communications Inc (NYSE:VZ) shares traded 3.84% higher at $42.73 on Wall Street last session.
VZ stock price is now 4.45% away from the 50-day moving average and 6.59% away from the 200-day moving average. The market capitalization of the company currently stands at $179.87B.
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With the price target of $50, Goldman recently initiated with Buy rating for Verizon Communications Inc (NYSE: VZ). On March 22, 2024, Redburn Atlantic Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $33 to quote $39, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Silliman Craig L., Officer bought 9,259 shares of the company’s stock on Sep 03 ’24. The stock was bought for $388,785 at an average price of $41.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Former Officer Silliman Craig L. bought 9,259 shares of the business’s stock. A total of $377,026 was incurred on buying the stock at an average price of $40.72. A total of 0.04% of the company’s stock is owned by insiders.
During the past 12 months, Verizon Communications Inc has had a low of $30.14 and a high of $43.42. As of last week, the company has a debt-to-equity ratio of 1.80, 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 $357082791936, which is based on a 16.02 price-to-earnings ratio, a 19.54 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for VZ is $40.9484 and a two-hundred day moving average price translates $40.1188 for the stock.
The latest earnings results from Verizon Communications Inc (NYSE: VZ) was released for 2024-06-30. The net profit margin was 8.38% and return on equity was 11.76% for VZ. The company reported revenue of $32.8 billion for the quarter, compared to $32.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.61 percent.
