Verizon Communications Inc. (NYSE: VZ) is -2.77% lower on its value in year-to-date trading and has touched a low of $48.84 and a high of $61.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VZ stock was last observed hovering at around $57.03 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $60.00 for the next 12 months. It is also 18.4% off the consensus price target high of $70.00 offered by 27 analysts, but current levels are -26.93% lower than the price target low of $45.00 for the same period.
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Currently trading at $57.12, the stock is 3.13% and -0.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.07 million and changing 0.16% at the moment leaves the stock -1.16% off its SMA200. VZ registered 0.00% loss for a year compared to 6-month loss of -4.11%. The firm has a 50-day simple moving average (SMA 50) of $56.27 and a 200-day simple moving average (SMA200) of $58.66.
The stock witnessed a -2.23% gain in the last 1 month and extending the period to 3 months gives it a -4.86%, and is 0.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 1.61% over the month.
Verizon Communications Inc. (VZ) has around 133200 employees, a market worth around $238.59B and $128.29B in sales. Current P/E ratio is 13.29 and Fwd P/E is 11.02. Profit margin for the company is 14.90%. Distance from 52-week low is 16.95% and -7.80% from its 52-week high. The company has generated returns on investments over the last 12 months (13.70%).
Verizon Communications Inc. (VZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Verizon Communications Inc. (VZ) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.60, where 16 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Verizon Communications Inc. is expected to release its quarterly report on 04/21/2021 and quarterly earnings per share for the current quarter are estimated at $1.28 with sales reaching $32.44B over the same period.The EPS is expected to grow by 23.80% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to grow 2.60% in year-over-year returns.
Verizon Communications Inc. (VZ) Top Institutional Holders
3,264 institutions hold shares in Verizon Communications Inc. (VZ), with 1.2M shares held by insiders accounting for 0.03% while institutional investors hold 66.33% of the company’s shares. The shares outstanding are 4.14B, and float is at 4.14B with Short Float at 1.01%. Institutions hold 66.32% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 325.95 million shares valued at $19.15 billion. The investor’s holdings represent 7.88% of the VZ Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 298.75 million shares valued at $17.55 billion to account for 7.22% of the shares outstanding. The other top investors are State Street Corporation which holds 161.03 million shares representing 3.89% and valued at over $9.46 billion, while Berkshire Hathaway, Inc holds 3.55% of the shares totaling 146.72 million with a market value of $8.62 billion.
Verizon Communications Inc. (VZ) Insider Activity
A total of 8 insider transactions have happened at Verizon Communications Inc. (VZ) in the last six months, with sales accounting for 5 and purchases happening 3 times. The most recent transaction is an insider sale by SILLIMAN CRAIG L., the company’s EVP&ChiefAdminLegal&PubPolOff. SEC filings show that SILLIMAN CRAIG L. sold 10,411 shares of the company’s common stock on Nov 02 at a price of $57.73 per share for a total of $0.6 million. Following the sale, the insider now owns 23771.0 shares.
Verizon Communications Inc. disclosed in a document filed with the SEC on May 01 that Skiadas Anthony T (SVP & Controller) sold a total of 10,744 shares of the company’s common stock. The trade occurred on May 01 and was made at $57.10 per share for $0.61 million. Following the transaction, the insider now directly holds 26201.0 shares of the VZ stock.
Still, SEC filings show that on Feb 28, Dunne Ronan (EVP and Group CEO-VZ Consumer) acquired 18,839 shares at an average price of $53.47 for $1.01 million. The insider now directly holds 33,956 shares of Verizon Communications Inc. (VZ).
Verizon Communications Inc. (VZ): Who are the competitors?
The company’s main competitors (and peers) include Telephone and Data Systems Inc. (TDS) that is trading -12.24% down over the past 12 months. Alphabet Inc. (GOOGL) is 50.31% up on the 1-year trading charts. Short interest in the company’s stock has risen 13.53% from the last report on Dec 30, 2020 to stand at a total of 36.18 million short shares sold with a short interest ratio of 2.01.