Shares of Telecommunications sector company Verizon Communications moved 0.7% today, and are now trading at a price of $38.58. The large-cap stock's daily volume was 17,895,731 compared to its average volume of 22,444,812. The S&P 500 index returned a 1.0% performance.
Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. The company is based in New York and has 110,500 full time employees. Its market capitalization is $162,194,194,432. Verizon Communications currently offers its equity investors a dividend that yields 6.8% per year.
22 analysts are following Verizon Communications and have set target prices ranging from $28.46 to $44.07 per share. On average, they have given the company a rating of hold. At today's prices, VZ is trading 7.05% away from its average analyst target price of $36.04 per share.
Over the last year, VZ's share price has increased by 3.0%, which represents a difference of -11.0% when compared to the S&P 500. The stock's 52 week high is $42.58 per share whereas its 52 week low is $30.14. Verizon Communications's average free cash flow over the last 6 years has been $18.11 Billion, but they have been decreasing at an average rate of -1.3%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 37,740,000 | 21,440,000 | 16,300,000 | 15.98 |
| 2022 | 37,141,000 | 23,087,000 | 14,054,000 | -27.0 |
| 2021 | 39,539,000 | 20,286,000 | 19,253,000 | -18.34 |
| 2020 | 41,768,000 | 18,192,000 | 23,576,000 | 32.4 |
| 2019 | 35,746,000 | 17,939,000 | 17,807,000 | 0.71 |
| 2018 | 34,339,000 | 16,658,000 | 17,681,000 |
