MoffettNathanson lifts Verizon Communications Inc. [VZ] price estimate. Who else is bullish?

Verizon Communications Inc. [NYSE: VZ] traded at a high on 12/23/22, posting a 0.26 gain after which it closed the day’ session at $38.41. The company report on December 22, 2022 that With Help From Verizon Small Business Digital Ready, an Entrepreneur Moves From Grief to Growth. 5 Undervalued Stocks For 2023 Approximately 544 miles north of Las Vegas lies what's been dubbed "the biggest lithium deposit in the US." One tiny company stands to be the biggest beneficiary because lithium "faces a long-term supply shortage," according to Barron's.

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“I wasn’t sure if I would go on. But then I thought one of the best things to honor Jared would be to make sure his dream became a reality.”. The results of the trading session contributed to over 16815749 shares changing hands. Over the past one week, the price volatility of Verizon Communications Inc.

stands at 1.97% while the volatility over the past one month is 2.00%. The market cap for VZ stock reached $160.89 billion, with 4.20 billion shares outstanding and 4.20 billion shares in the current float. Compared to the average trading volume of 24.52M shares, VZ reached a trading volume of 16815749 in the most recent trading day, which is why market watchdogs consider the stock to be active. What do top market gurus say about Verizon Communications Inc.

[VZ]? Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VZ shares is $45.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VZ stock is a recommendation set at 2.90.

This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy. MoffettNathanson have made an estimate for Verizon Communications Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 19, 2022.

While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $41 to $44. The new note on the price target was released on December 15, 2022, representing the official price target for Verizon Communications Inc. stock. Previously, the target price had yet another raise to $50, while Oppenheimer analysts kept a Outperform rating on VZ stock. The Average True Range (ATR) for Verizon Communications Inc.

is set at 0.78, with the Price to Sales ratio for VZ stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for VZ in the course of the last twelve months was 44.37 with Quick ratio for the last quarter at 0.70. How has VZ stock performed recently? Verizon Communications Inc.

[VZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.48. With this latest performance, VZ shares dropped by -1.31% in over the last four-week period, additionally sinking by -24.63% over the last 6 months – not to mention a drop of -27.09% in the past year of trading. Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions.

An RSI rate of 50 would represent a neutral market momentum. The current RSI for VZ stock in for the last two-week period is set at 56.45, with the RSI for the last a single of trading hit 61.58, and the three-weeks RSI is set at 53.21 for Verizon Communications Inc. [VZ]. The present Moving Average for the last 50 days of trading for this stock 37.59, while it was recorded at 37.70 for the last single week of trading, and 44.89 for the last 200 days. Verizon Communications Inc.

[VZ]: Deeper insight into the fundamentals Operating Margin for any stock indicates how profitable investing would be, and Verizon Communications Inc. [VZ] shares currently have an operating margin of +23.92 and a Gross Margin at +45.73. Verizon Communications Inc.’s Net Margin is presently recorded at +16.51. Return on Equity for this stock inclined to 29.49, with Return on Assets sitting at 6.46. Verizon Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70. Earnings analysis for Verizon Communications Inc.

[VZ] The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verizon Communications Inc.

go to 2.19%. Insider trade positions for Verizon Communications Inc. [VZ] There are presently around $100,877 million, or 63.80% of VZ stock, in the hands of institutional investors. The top three institutional holders of VZ stocks are: VANGUARD GROUP INC with ownership of 349,590,768, which is approximately 1.116% of the company’s market cap and around 0.02% of the total institutional ownership; BLACKROCK INC., holding 319,233,100 shares of the stock with an approximate value of $12.26 billion in VZ stocks shares; and STATE STREET CORP, currently with $6.34 billion in VZ stock with ownership of nearly 0.793% of the company’s market capitalization. Positions in Verizon Communications Inc.

stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,340 institutional holders increased their position in Verizon Communications Inc. [NYSE:VZ] by around 108,764,387 shares. Additionally, 1,557 investors decreased positions by around 154,908,623 shares, while 176 investors held positions by with 2,362,646,867 shares.

The mentioned changes placed institutional holdings at 2,626,319,877 shares, according to the latest SEC report filing. VZ stock had 101 new institutional investments in for a total of 13,732,668 shares, while 276 institutional investors sold positions of 22,625,677 shares during the same period.