The Verizon Communications Inc. (NYSE:VZ) is going down by -0.30% in today’s trading session, a fall equivalent to -0.17% of the stock’s price from yesterday’s market close. A news came out on 07/16/19 stating that Verizon customers have the nation’s best performing network for 12th straight time and the gap is growing, according to latest scientific testing by WSJ. The lowest point that the shares touched during the trading session was $57.40, while the peak of the day was recorded at a share price of $57.732. VZ finished the previous session at $57.41 according to the data provided by Barchart, while the trading volume was observed to be $2,834,196.
In the 100 days of trading, VZ managed to top a 57.64% Moving average. Additionally, Verizon Communications Inc. shares have achieved a 52-week range between 50.05 and 61.58 alongside 100 days raw stochastic set at 42.48%.
The number of shares outstanding, according to the fundamentals of the company, is set at 4.14B, equal to the value of $237.76B in market capitalization. Financial analysts indicate that VZ shares should be still ranked as a “Hold”. In the last 30 days, Verizon Communications Inc. shares went down by -2.49%, adding 58.67 to growth in value, on top of a +1.68% boost since 06/17/19.
Verizon Communications Inc. (NYSE:VZ) Analyst’s Estimates
Verizon Communications Inc. (VZ) could record at least $1.20 per share in quarterly earnings in the upcoming report on 08/01/2019, a number that would actually represent an increase of 2.17% YOY.
According to the average analyst rating, Verizon Communications Inc. would be rated as 2.58. Out of 26 different analysts monitoring VZ stock, 3 analysts rate the stock as a BUY, 18 suggest to give the rating of HOLD, 5 indicate that VZ is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-08-19, the stock earned a Downgrade rating due to a new analyst call from Citigroup, while analysts from UBS believe that the stock is set at Neutral from Buy, as concluded on May-30-19. Morgan Stanley, is still rather wary about the stock, deciding to keep the rating at Equal-Weight as confirmed through a call on Dec-12-18.
Morgan Stanley, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-29-18, giving the stock a Overweight rating.
VZ Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +44.52% has been attained, while the operating margin has been recorded at +22.93%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 5.95%. Beta value of the stock is recorded at 0.51. Additionally, Verizon Communications Inc. is recording price volatility of 0.93% for the period of the last seven days and 1.28% in the last 30 days.
Verizon Communications Inc. (NYSE:VZ) Technical Outlook
For the period of the last 50 days, Verizon Communications Inc. had its Raw Stochastic average set at 46.89% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 39.29%. Stochastic %K for Verizon Communications Inc., with the last 20 days included, was set at 47.33%, having Stochastic %D topping 44.93%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Verizon Communications Inc. stocks with recording 11.67% in metrics.
Verizon Communications Inc. Insider Watch:
As far as the position of shares issued by Verizon Communications Inc. (NYSE:VZ) for the period concluded at the market close of 07/16/19, 1,268 institutional investors increased their positions in VZ shares by 112,144,443, 999 decreased positions by 113,101,023 and 196 institutional investors decided to hold positions at 2,540,123,402. These numbers put the complete list of institutional holdings set at 2,765,368,868 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 120 institutional investments with 6,767,910 new shares in addition to having 90 institutional investors selling their positions in 8,323,011 shares.