Shares of Verizon Communications have moved -0.7% today, and are now trading at a price of $35.63. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 2,309,436 compared to the stock's average volume of 19,632,352.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Based in New York, United States the company has 117,100 full time employees and a market cap of $149,809,184,768. Verizon Communications currently offers its equity investors a dividend that yields 7.2% per year.
The company is now trading -18.04% away from its average analyst target price of $43.48 per share. The 23 analysts following the stock have set target prices ranging from $32.0 to $64.0, and on average give Verizon Communications a rating of hold.
The stock's 52 week high is $51.36 per share and its 52 week low is $33.72. With its operating margins declining a compounded average of -1.0% over the last 4 years, Verizon Communications may not have a strong enough business to reverse this trend.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 136,835,000 | 59,133,000 | 56.79 | -1.85 |
| 2021-12-31 | 133,613,000 | 56,301,000 | 57.86 | -3.71 |
| 2020-12-31 | 128,292,000 | 51,201,000 | 60.09 | 2.72 |
| 2019-12-31 | 131,868,000 | 54,726,000 | 58.5 | n/a |
