Verizon Communications logged a 1.1% change during today's afternoon session, and is now trading at a price of $43.78 per share. The S&P 500 index moved -0.0%. VZ's trading volume is 13,723,282 compared to the stock's average volume of 20,751,920.
Verizon Communications trades -8.13% 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 18.0% 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 8.5% over the last year, and the S&P 500 logged a change of 17.8%
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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 10.6 while the S&P 500 average is 29.3
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VZ has a forward P/E ratio of 9.3 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 1.86 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 $184.32 Billion. Verizon Communications currently returns an annual dividend yield of 6.2%.