Shares of Telecommunications sector company Verizon Communications moved 1.3% today, and are now trading at a price of $41.78. The Large-Cap stock's daily volume was 10,795,759 compared to its average volume of 16,814,669. The S&P 500 index returned a 1.0% performance.
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. The company is based in New York and has 103,900 full time employees. Its market capitalization is $175,873,753,088. Verizon Communications currently offers its equity investors a dividend that yields 6.4% per year.
25 analysts are following Verizon Communications and have set target prices ranging from $35.0 to $55.0 per share. On average, they have given the company a rating of buy. At today's prices, VZ is trading -8.38% away from its average analyst target price of $45.6 per share.
Over the last year, VZ's share price has increased by 21.8%, which represents a difference of -3.8% when compared to the S&P 500. The stock's 52 week high is $43.42 per share whereas its 52 week low is $30.14. With average free cash flows of $18.51 Billion that have been growing at an average rate of 1.1% over the last 5 years, Verizon Communications is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 37,475,000 | 18,767,000 | 18,708,000 | 33.12 |
| 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 |
