VZ

Here Are the Facts You Need to Understand VZ

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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