Over the past three months, Verizon Communications Inc. [VZ] ended the trading day at $57.85 and exhibited a change of 0.04% with a 24 hour trading and reached upto the volume of 15.88M compared to its recorded trading volume of 2.59 million. VZ generated a 1 year amount change with 4.97%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 0.92% with an amount shift of 4.42% over the last month.
On 6, August 2020, Verizon and AWS Deliver Mobile Edge Computing to Customers in Boston and the Bay Area. According to news published on Yahoo Finance, A joint message from Tami Erwin, CEO, Verizon Business and Matt Garman, VP Sales and Marketing, AWS.
Analyst Birdseye View:
The most recent analyst activity for Verizon Communications Inc. [NYSE:VZ] stock was on March 02, 2020, when it was Upgrade with an Outperform rating from Cowen, which also raised its 12-month price target on the stock to $61. On February 03, 2020, Credit Suisse Downgrade a Neutral rating and boosted its price target on this stock to $65. On January 22, 2020, Deutsche Bank Initiated a Hold rating and increased its price target to $63. On November 14, 2019, HSBC Securities Downgrade a Hold rating and increased its price target to $65. On November 04, 2019, Nomura Downgrade a Neutral rating and boosted its amount target on this stock to $65. On October 16, 2019, Bernstein Initiated a Mkt perform rating. On July 08, 2019, Citigroup Downgrade a Neutral rating and improved its amount target to $62.
In the past 52 weeks of trading, this stock has oscillated between a low of $48.84 and a peak of $62.22. Right now, the middling Wall Street analyst 12-month amount mark is $60.50. At the most recent market close, shares of Verizon Communications Inc. [NYSE:VZ] were valued at $57.85. According to the average price forecast, investors can expect a potential return of 0.5%.
Verizon Communications Inc. [NYSE:VZ] most recently reported quarterly sales of 30.45 billion, which represented growth of -5.10%. This publicly-traded organization’s revenue is $976,800 per employee, while its income is $142,704 per employee. This company’s Gross Margin is currently 59.10%, its Operating Margin is 20.20%, its Pretax Margin is +17.24, and its Net Margin is +14.61. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.92, 33.64, 16.77 and 11.35 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 68.44 and the whole liability to whole assets at 45.64. It shows enduring liability to the whole principal at 61.22 and enduring liability to assets at 0.41 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 57.54 points at 1st support level, the second support level is making up to 57.25. But as of 1st resistance point, this stock is sitting at 58.03 and at 58.24 for 2nd resistance point.
Verizon Communications Inc. [VZ] reported its earnings at $1.18 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.15/share signifying the difference of 0.03 and 2.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1.26 calling estimates for $1.22/share with the difference of 0.04 depicting the surprise of 3.30%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Verizon Communications Inc. [NYSE:VZ] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.09. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.93, it’s amount to book ratio is 4.14 and showing 12.51 of P/E (TTM) ratio.
Shifting our attention to insider trading activity, in the last 3 months, Verizon Communications Inc. [NYSE:VZ] has had 1 insider purchases representing 31,835 shares 1 insider sales representing 15,679 shares. The most recent insider trade was by Skiadas Anthony T, SVP & Controller, and it was the sale of 10744.0 shares on May 01. Dunne Ronan, the EVP and Group CEO-VZ Consumer, completed a purchase of 18839.0 shares on Feb 28. On Feb 25, Skiadas Anthony T, SVP & Controller, completed a sale of 10775.0 shares.