For its first fiscal quarter (ending March 31), Verizon Communications Inc (NYSE: VZ) has reported E.P.S. of $1.09 compared to $1.17 a year ago. E.P.S. were $2.68 for the latest four quarters through March 31 versus $5.14 for the same period a year ago.
Recent Price Action
Verizon Communications Inc (NYSE: VZ) stock declined by -4.7% on 4/22/24. The shares closed at $38.60. Moreover, trading volume in this decline was exceptionally high at 280% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.8% during the last week.
Current PriceTarget Research Rating
VZ is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Verizon Communications has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Verizon Communications has a good Appreciation Score of 72 and a good Power Rating of 85, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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