Verizon Communications Inc. (VZ) Monthly Update
Publication Date: September 22, 2024
Company Overview
Verizon Communications Inc. (VZ), based in New York City, stands as a leader in the telecommunications industry, established in 1983. The company offers a variety of communication, technology, and entertainment services to consumers, businesses, and government entities worldwide. Verizon operates through two primary segments: the Verizon Consumer Group, which supplies wireless services including its TracFone brand and fixed wireless broadband, and the Verizon Business Group, focused on comprehensive communication services and IoT solutions. This dynamic positioning within the Telecom Services sector highlights Verizon’s potential for growth, making it a recommended buy for investors.
Financial Performance and Analyst Projections
Currently, Verizon has 4,209,520,128 shares outstanding, with only 45,950,335 shares shorted—representing a modest short interest of 1.09%. This low percentage suggests favorable investor sentiment, as only a small proportion of shares are being bet against. The stock trades at $44.33, with analysts projecting a high target price of $55.00, indicating significant upside potential. The average target mean price is $45.65, reflecting moderate confidence among analysts regarding the stock’s performance.
In terms of financial resilience, Verizon reported a substantial total revenue of approximately $134.24 billion. The earnings before interest, taxes, depreciation, and amortization (EBITDA) data is currently unavailable, which may limit an in-depth assessment of profitability. Most analysts advocate a “buy” recommendation based on a consensus from 23 different analysts, with a mean recommendation score of 2.5—where lower values signify stronger buy signals.
Stock Performance and Investment Outlook
Verizon’s current performance standing reflects a price of $44.33, nearing its fifty-two week high of $45.05, indicating solid demand and potential for upward momentum. The stock is trading above its fifty-day moving average of $41.45, illustrating a positive short-term trend. However, the fifty-two week low of $30.14 highlights notable volatility within the past year. Overall, these indicators suggest a favorable outlook for both current and prospective investors as Verizon remains well-positioned for growth in the increasingly essential telecommunications space.
| Metric | Value |
|---|---|
| Market Cap | $186.6b |
| Total Debt | $178.3b |
| Total Cash | $2.5b |
| Shares Outstanding | 4.2b |
| Float Shares | 4.2b |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.