The stock of Verizon Communications Inc (NYSE:VZ) last traded at $40.88, down -3.31% from the previous session.
VZ stock price is now -3.62% away from the 50-day moving average and -1.20% away from the 200-day moving average. The market capitalization of the company currently stands at $172.91B.
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With the price target of $48, Bernstein recently initiated with Mkt Perform rating for Verizon Communications Inc (NYSE: VZ). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, Silliman Craig L., Officer bought 9,258 shares of the company’s stock on Dec 02 ’24. The stock was bought for $409,852 at an average price of $44.27. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Officer Silliman Craig L. bought 9,259 shares of the business’s stock. A total of $390,082 was incurred on buying the stock at an average price of $42.13. 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 $37.14 and a high of $45.36. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 0.61, and a quick ratio of 0.57. According to the stock market information, the enterprise value for the company is $346774536192, which is based on a 17.62 price-to-earnings ratio, a 5.87 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for VZ is $42.4814 and a two-hundred day moving average price translates $41.3738 for the stock.
The latest earnings results from Verizon Communications Inc (NYSE: VZ) was released for 2024-09-30. The net profit margin was 7.30% and return on equity was 10.10% for VZ. The company reported revenue of $33.33 billion for the quarter, compared to $33.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.02 percent.
