The leading market experts have placed a mean price target of $54.09 on Verizon Communications Inc. (NYSE:VZ) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.91 a share for the upcoming quarter and $3.89 for the current fiscal.
The technical analysis of Verizon Communications Inc. Com plainly substantiates that the 50-day moving average of Verizon Communications Inc. Com is $53.63, and stock is trading $-0.03 points away or -0.05% from its 50-day moving average of $53.63. Further it is trading $0.80 or +1.52% away its 200-day moving average of $52.80. Verizon Communications Inc. (NYSE:VZ) 52-week high is $56.95 and the 52-week low is $42.20.
This explains if the stock moves $-3.35, it will post a 52-week high. In event of +27.01% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Verizon Communications Inc. Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Verizon Communications Inc. (NYSE:VZ) ratio came in at 15.14.
The stock last ended the trading session at $53.60 and registered a market cap of $218.49B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Verizon Communications Inc. (NYSE:VZ) PEG ratio is at 4.43.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...