Saturday, April 4, 2020

What Verizon Communications Inc. (VZ) beta value of 0.34 tells investors?

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The Verizon Communications Inc. (NYSE:VZ) went down by -0.10% in Wednesday’s trading session, a fall equivalent to -$0.05 from pervious market close price. The lowest point that the shares touched during the trading session was $48.84, while the peak of the day was recorded at a share price of $51.91. VZ finished the previous session at $49.99 according to the data provided by Barchart, while the trading volume was observed to be $38.46 million.

In the 100 days of trading, VZ managed to top a 58.70% Moving average. Additionally, Verizon Communications Inc. shares have achieved a 52-week range between 49.02 and 62.22 alongside 100 days raw stochastic set at 8.22%.

The number of shares outstanding, according to the fundamentals of the company, is set at 4.19B, equal to the value of $209.24B in market capitalization. In the last 30 days, Verizon Communications Inc. shares went down by -14.27%, adding 58.25 to growth in value, on top of a +2.25% boost since 02/25/20.

Verizon Communications Inc. (NYSE:VZ) Analyst’s Estimates

Verizon Communications Inc. (VZ) could record at least $1.23 per share in quarterly earnings in the upcoming report on 04/24/2020, a number that would actually represent an increase of 5.13 YOY.

According to the average analyst rating, Verizon Communications Inc. would be rated as Overweight. Out of 27 different analysts monitoring VZ stock, 8 analysts rate the stock as a BUY, 18 suggest to give the rating of HOLD, 1 indicate that VZ is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On March 16, 2020, the stock earned a Upgrade rating due to a new analyst call from Raymond James, while analysts from Cowen believe that the stock is set at Outperform from Market Perform, as concluded on March 02, 2020. Credit Suisse, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on February 03, 2020.

Regardless of the rating, Deutsche Bank did increase their price to $63 as they are considering target share price analysis. HSBC Securities, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on November 14, 2019, giving the stock a Hold from the Buy rating.

VZ Key Ratios To Watch:

Taking in account the profitability of the Company, gross profit margin of +45.85% has been attained, while the operating margin has been recorded at +23.13%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.92%. Beta value of the stock is recorded at 0.34. Additionally, Verizon Communications Inc. is recording price volatility of 5.80% for the period of the last seven days and 5.29% 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 9.05% 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 11.69%. Stochastic %K for Verizon Communications Inc., with the last 20 days included, was set at 11.99%, having Stochastic %D topping 19.90%. 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 discouraging for Verizon Communications Inc. stocks with recording -18.66% in metrics.

Verizon Communications Inc. Insider Watch:

Similarly, 68.83% of the company’s float is held by institutions – and there are 3,222 institutions in total holding shares of this company. Positions in Verizon Communications Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 18 insider purchases amounting to 339416 shares. Similarly, there were 4 sale transactions amounting to 14819 shares, with the net shares purchased during the last six months reaching 324,597.

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