Verizon Communications Inc (NYSE:VZ) shares, rose in value, with the stock price up by 0.53% to the previous day’s close as strong demand from buyers drove the stock to $43.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $42.84. The PE ratio was 10.39 over 12-month period. Referring to stock’s 52-week performance, its high was $45.36, and the low was $37.58. On the whole, VZ has fluctuated by 8.18% over the past month.
With the market capitalization of Verizon Communications Inc currently standing at about $181.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.69, with its dividend yield at 6.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 136.97B, with a low estimate of 32.72B and a high estimate of 33.83B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 33.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VZ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.85, with the price of VZ currently trading nearly 2.47% and 6.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.37, while the 7-day volatility ratio is showing 2.46% which for the 30-day chart, stands at 1.74%. Furthermore, Verizon Communications Inc (VZ)’s beta value is 0.44, and its average true range (ATR) is 0.80.
A comparison of Verizon Communications Inc (VZ) with its peers suggests the former has fared considerably weaker in the market. VZ showed an intraday change of 0.53% in today’s session so far, and over the past year, it grew by 6.83%%.
Data on historical trading for Verizon Communications Inc (NYSE:VZ) indicates that the trading volumes over the past 3 months, they’ve averaged 21.70 million. According to company’s latest data on outstanding shares, there are 4.21 billion shares outstanding.
Nearly 0.04% of Verizon Communications Inc’s shares belong to company insiders and institutional investors own 65.45% of the company’s shares. The stock has risen by 7.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZ stock heading into the next quarter.
