Verizon Communications Inc.s in-depth stock price analysis indicates that the stock price has rallied 1.89% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -5.93% . Looking at the past 52 week period, the stock price is down -2.26% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Verizon Communications Inc. has a negative value of -1.29 compared to overall market performance. Stocks of Verizon Communications Inc. (NYSE:VZ) rallied by 0.82% during the past week but lost 6.79% on a 4-week basis. The company has outperformed the S&P 500 by 0.01% in the past week but underperformed the index by 8.46% in the last 4 weeks.
Verizon Communications Inc. (NYSE:VZ) : On Friday heightened volatility was witnessed in Verizon Communications Inc. (NYSE:VZ) which led to swings in the share price. The stock opened for trading at $48.94 and hit $49.12 on the upside , eventually ending the session at $48.98, with a gain of 0.35% or 0.17 points. The heightened volatility saw the trading volume jump to 12,317,356 shares. The 52-week high of the share price is $56.95 and the company has a market cap of $199,674 million. The 52-week low of the share price is at $46.01 .
Verizon Communications Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.86 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.89. The company had revenue of $32340.00 million for the quarter, compared to analysts expectations of $32123.16 million. The companys revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Verizon Communications was Downgraded by FBR & Co. on Jan 25, 2017 to Mkt Perform, Price Target of the shares are set at $52.Verizon Communications was Downgraded by RBC Capital Mkts on Jan 25, 2017 to Sector Perform, Lowers Price Target to $ 51 from a previous price target of $54 .Verizon Communications was Downgraded by Raymond James to Mkt Perform on Jan 25, 2017. Verizon Communications was Downgraded by Wells Fargo to Market Perform on Jan 23, 2017. Verizon Communications was Initiated by HSBC Securities to Buy on Jan 19, 2017.
Company has reported several Insider transactions to the SEC, on Nov 28, 2016, Craig L. Silliman (EVP of PubPolicy & Gen Counsel) sold 668 shares at 49.29 per share price.On Feb 26, 2016, Diego Scotti (EVP & Chief Marketing Officer) purchased 800 shares at 50.75 per share price.On Aug 11, 2015, Marni M Walden (EVP&Pres of Prod Innov&New Bus) sold 8,229 shares at 46.26 per share price.
Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the worlds leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the worlds largest provider of print and on-line directory information.