Verizon Communications Inc (NYSE: VZ) has reported earnings for its third fiscal quarter (ending September 30) of $0.78 versus $1.13 for the same period a year ago. E.P.S. were $2.32 for the latest four quarters through September 30 versus $4.96 for the same period a year ago.
Recent Price Action
Verizon Communications Inc (NYSE: VZ) stock suffered a large decline of -5.0% on 10/22/24. The stock closed at $41.50. Moreover, this decline was accompanied by exceptionally high trading volume at 240% of normal. The stock has performed in line with the market over the last nine months and has declined -3.9% during the last week.
Current PriceTarget Research Rating
VZ’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Verizon Communications has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Verizon Communications has a neutral Power Rating of 55 but a good Appreciation Score of 74, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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