Verizon Communications Inc (NYSE:VZ) currently has a daily average trading volume of 17.80M but it saw 27065662 shares traded in last market. With a market cap of 180.42B USD, the company’s current market price of $42.86 came rising about 3.28 while comparing to the previous closing price of $41.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.36 and as low as $31.26. In the recent trading on the day, stock has struck highest price mark of $41.76 while lowest mark touched by it was $42.9.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which initiated the stock as “Buy” in its note to investors issued on July 01, 2024, recommending a price target of $50 for it. Redburn Atlantic upgraded its recommendation for the stock as a “Neutral” from “Sell” on March 22, 2024 while assigning a price target range of $33-$39. Barclays issued its recommendations for the stock as it downgraded the price target for the stock is $44.
Over the week, VZ’s stock price is moving -2.39% down while it is -4.03% when we observe its performance for the past one month. Year-to-date it is 13.69% up and over the past year, the stock is showing an upside performance of 36.54%.
Currently, Verizon Communications Inc’s total number of outstanding shares is 4.21B. Company’s return on investment (ROI) stands at 4.01% and return on equity (ROE) at 10.10%. It has a price to earnings ratio (P/E ratio) of 18.48 while having a 9.04 of forward P/E ratio. Stock’s beta reads 0.41. Stock has a price to book (P/B) ratio of 1.87 while price to sale or P/S ratio amounts to 1.34. Its return on asset (ROA) is 2.56% on average.
