Verizon Communications logged a 0.7% change during today's morning session, and is now trading at a price of $34.22 per share. The S&P 500 index moved 0.0%. VZ's trading volume is 5,031,578 compared to the stock's average volume of 24,129,685.
Verizon Communications trades -8.5% away from its average analyst target price of $37.4 per share. The 22 analysts following the stock have set target prices ranging from $28.76 to $57.53, and on average have given Verizon Communications a rating of hold.
Anyone interested in buying VZ should be aware of the facts below:
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Based on its trailing earnings per share of 5.14, Verizon Communications has a trailing 12 month Price to Earnings (P/E) ratio of 6.7 while the S&P 500 average is 18
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VZ has a forward P/E ratio of 8.1 based on its forward 12 month price to earnings (EPS) of $4.21 per share
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The company has a price to earnings growth (PEG) ratio of -12.45 — a number near or below 1 signifying that Verizon Communications is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 1.55 compared to its sector average of None
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Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.
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Based in New York, the company has 117,100 full time employees and a market cap of $143.86 Billion. Verizon Communications currently returns an annual dividend yield of 7.6%.