Shares of Communication Services sector company Verizon Communications moved -0.9% today, and are now trading at a price of $37.38. The large-cap stock's daily volume was 10,716,110 compared to its average volume of 23,062,165. The S&P 500 index returned a -0.4% performance.
Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. The company is based in New York and has 119,500 full time employees. Its market capitalization is $156,999,778,304. Verizon Communications currently offers its equity investors a dividend that yields 6.8% per year.
24 analysts are following Verizon Communications and have set target prices ranging from $31 to $68 per share. On average, they have given the company a rating of hold. At today's prices, VZ is trading -17.48% away from its average analyst target price of $45.3 per share.
Over the last year, VZ shares have gone down by -27.3%, which represents a difference of -7.6% when compared to the S&P 500. The stock's 52 week high is $55.51 per share and its 52 week low is $34.55. With average free cash flows of $19,579,250,000.0 that have been growing at an average rate of 4.9% over the last four years, Verizon Communications declining stock performance may not be reflective of the quality of its underlying business.
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