Verizon Communications Inc (VZ) Share Price
Name: Verizon Communications Inc (VZ)
Description: Telecom stocks have been rebounding and Verizon is in the vanguard, it beat earnings estimates & guided higher, whilst cutting costs. It's had a couple of broker upgrades, though price targets have also been trimmed as growth rates are relatively anaemic, and, it trades within $4.00 of the street's price target of $40.85. However new opportunities such as private 5G networks look promising. 20/11/23
Summary
The current Verizon Communications Inc (VZ) stock price is $38.58 which is a change of 0.25 or 0.65% from the last closing price of 38.58 with 20,762,478 shares traded giving NYSE:VZ a market capitalisation of $162,194,224,277. The most recent daily high has been 38.61 and daily low 38.27. The NYSE:VZ share price 52 week high has been 42.58 and the 52 week low 30.14. Based on the most recent NYSE:VZ share price opening of 38.58, the current NYSE:VZ EPS (earnings per share) are 4.96 and the PE (price earnings ratio) is 7.78. Pricing data last updated 01/12/2023 16:00.
Pros
- FWD PE of just 7.63 times
- Corporate customers continue 5G spend
- Price to Book Value 1.53
Cons
- Negative 5 year returns
- Highly competitive sector
- Highly regulated sector
-
Outlook
(4)