What Are The Chances Of Verizon Communications Inc (NYSE: VZ) Becoming A Clear Buy?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Verizon offers soccer fans the chance to attend LALIGA “ElClásico” in Spain.

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Stocks Info

Verizon Communications Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $41.54 and fluctuated between $41.78 as its day high and $41.10 as its day low. The current market capitalization of Verizon Communications Inc is $174.65B. A total of 19.21 million shares were traded on the day, compared to an average of 20.14M shares.

In the most recent transaction, Malady Kyle sold 24,000 shares of VZ for 40.80 per share on Feb 22 ’24. After the transaction, the EVP and Group CEO-VZ Business now owns 35,201 company shares. In a previous transaction on Feb 15 ’24, Malady Kyle sold 15,000 shares at 40.33 per share. VZ shares that EVP and Group CEO-VZ Business owns now total 59,201.

Among the insiders who sold shares, Silliman Craig L. disposed of 3,340 shares on Dec 11 ’23 at a per-share price of $38.29. This resulted in the EVP&Pres.-VZ Global Services holding 46,295 shares of VZ after the transaction. In another insider transaction, Silliman Craig L. sold 23,380 shares at $38.00 per share on Nov 30 ’23. Company shares held by the EVP&Pres.-VZ Global Services now total 49,635.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Verizon Communications Inc pays an annual dividend of $2.63, resulting in a dividend yield of 6.34%, and it has a price to earnings (P/E) ratio of 15.07. VZ’s most recent ex-dividend date was 4/9/2024 when it declared a $0.6650 quarterly dividend that was paid in cash on 5/1/2024. Previously, the company paid the dividend on 2/1/2024 with an ex-dividend date of 1/9/2024. The VZ stock dividend was $0.6650 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, VZ has a high of $43.21 and a low of $30.14.

As of this writing, VZ has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.07. The company reported an EPS of $1.11 in the last quarter, which was 3.70% higher than expectations of $1.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VZ is Buy with a score of 3.75.

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