Verizon Communications logged a 1.8% change during today's afternoon session, and is now trading at a price of $41.95 per share. The S&P 500 index moved 0.0%. VZ's trading volume is 12,271,081 compared to the stock's average volume of 20,392,425.
Verizon Communications trades -11.99% away from its average analyst target price of $47.66 per share. The 23 analysts following the stock have set target prices ranging from $40.79 to $55.0, and on average have given Verizon Communications a rating of buy.
Anyone interested in buying VZ should be aware of the facts below:
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Verizon Communications's current price is 13.0% above its Graham number of $37.11, which implies that at its current valuation it does not offer a margin of safety
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Verizon Communications has moved 0.2% over the last year, and the S&P 500 logged a change of 23.0%
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Based on its trailing earnings per share of 4.14, Verizon Communications has a trailing 12 month Price to Earnings (P/E) ratio of 10.1 while the S&P 500 average is 29.3
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VZ has a forward P/E ratio of 8.9 based on its forward 12 month price to earnings (EPS) of $4.73 per share
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Its Price to Book (P/B) ratio is 1.78 compared to its sector average of 2.36
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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.
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Based in New York, the company has 99,600 full time employees and a market cap of $176.58 Billion. Verizon Communications currently returns an annual dividend yield of 6.5%.