Thursday, September 23, 2021
HomeMarketDon't take this too lightly: Verizon Communications Inc. (VZ)

Don’t take this too lightly: Verizon Communications Inc. (VZ)

RBC Capital Mkts raised the price target for the Verizon Communications Inc. (NYSE:VZ) stock to “a Sector perform”. The rating was released on July 22, 2021. We previously noted in another research note published on July 22, 2021 by JP Morgan that reiterated the stock to an Overweight with a price target of $65 for VZ stock. The research report from Credit Suisse has reiterated the stock to Neutral, with a price target set at $60. The stock was reiterated by Cowen, who disclosed in a research note on July 22, 2021, to Outperform and set the price objective to $68.


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The latest trade, Performances and Moving Averages give us the following Picture

The share price of Verizon Communications Inc. (NYSE:VZ) raised 0.41% to close Friday’s market session at $55.87, higher as compared to yesterday’s close. The stock price fluctuated between $55.68 and $55.98 throughout the trading session with the volume trading being 8369731 shares, which represented a significant variation when compared to the three months average volume of 15.43 million shares. The firm’s stock price fluctuated 1.18% within the last five trades and -1.20% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 3.08% in the last 6 months and -4.80% was subtracted to its value over the previous 3 months. VZ stock is trading at a margin of 0.28%, -0.60% and -2.68% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, VZ deals in the Communication Services domain. The stock is trading -9.81 percent below its 52-week high and 3.79 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -5.55. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Verizon Communications Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 22.30 percent and the profit margin is 15.00 percent, and the company has reported a gross margin of 58.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $230.36 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Verizon Communications Inc. (NYSE:VZ) is 11.58. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.40. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.73 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.14, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.02 percent of Verizon Communications Inc. shares are owned by insiders, and 66.40 percent are held by financial institutions. Gowrappan Kumara Guru, the EVP and Group CEO-VZ Media at Verizon Communications Inc. (VZ) has sold 14,077 shares of firm on Aug 11 at a price of $55.56 against the total amount of $0.78 million. In another inside trade, SILLIMAN CRAIG L., EVP&ChiefAdminLegal&PubPolOff of Verizon Communications Inc. (NYSE:VZ) sold 1,554 shares of the firm on Aug 04 for a total worth of $86356.0 at a price of $55.57. An inside trade which took place on Jul 06, EVP&ChiefAdminLegal&PubPolOff of Verizon Communications Inc. SILLIMAN CRAIG L. sold 1,555 shares of firm against total price of $87780.0 at the cost of $56.45 per share.

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Peggy Goldman
Peggy Goldman, CFA, is an independent monetary author and speculator. I have worked for both sell-side and purchase side firms (values and fixed salary), with the biggest level of my working time spent in drug tech. Now I am presently viably in a “working retirement”.
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