Currently, Verizon Communications Inc. [VZ] is trading at $39.25, up 2.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VZ shares have gain 6.00% over the last week, with a monthly amount glided 0.59%, and seem to be holding up well over a long-time horizon. 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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The two had been friends since college and together they launched 3C Communication and Culture, a consulting business based in Madison, Alabama. From an analyst’s perspective: Verizon Communications Inc. [NYSE: VZ] stock has seen the most recent analyst activity on December 19, 2022, when MoffettNathanson upgraded its rating to a Market Perform but kept the price target unchanged to $41 for it.
Previously, Morgan Stanley upgraded its rating to Overweight on December 15, 2022, and elevated its price target to $44. On October 06, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $50 on the stock. MoffettNathanson downgraded its rating to a Underperform but stick to its price target of $41 on August 18, 2022.
BofA Securities downgraded its rating to a Neutral but $51 remained the price target by the analyst firm on July 28, 2022. Scotiabank downgraded its rating to Sector Perform for this stock on July 22, 2022. This stock has fluctuated between a low of $34.55 and a high of $55.51 over the last 52 weeks.
Currently, Wall Street analysts expect the stock to reach $44.58 within the next 12 months. Verizon Communications Inc. [NYSE: VZ] shares were valued at $39.25 at the most recent close of the market. An investor can expect a potential return of 13.58% based on the average VZ price forecast. Analyzing the VZ fundamentals Recent quarter sales for Verizon Communications Inc.
[NYSE:VZ] were 34.24 billion which represents 4.00% growth. Gross Margin for this corporation currently stands at +45.73% with Operating Margin at +23.92%, Pretax Margin comes in at +22.02%, and Net Margin reading is +16.51%. Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
The company’s stock is currently sitting at 38.58 points at the first support level, and at 37.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.66, and for the 2nd resistance point, it is at 40.07. Verizon Communications Inc. [VZ] reported earnings per share of $1.32 for its fiscal quarter that ended on 9/29/2022.
Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.29/share, meaning a difference of $0.03 and a surprise factor of 2.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.31 per share as compared to estimates of $1.32 per share, a difference of -$0.01 representing a surprise of -0.80%. Ratios To Look Out For To put it in perspective, the Current Ratio for Verizon Communications Inc.
[NYSE:VZ] is 0.70. Further, the Quick Ratio stands at 0.66, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 2.67 and the P/E (TTM) ratio is 8.53. Transactions by insiders Recent insider trading involved Silliman Craig L., EVP&ChiefAdminLegal&PubPolOff, that happened on Jul 05 when 1558.0 shares were sold.
EVP&ChiefAdminLegal&PubPolOff, Silliman Craig L. completed a deal on Jun 03 to sell 1558.0 shares. Meanwhile, EVP&ChiefAdminLegal&PubPolOff Silliman Craig L. sold 1558.0 shares on May 23.