VZ Stock Summary and Trading Ideas (Verizon Communications | NYSE:VZ)

Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks. Verizon agreed to acquire Frontier Communications in September 2024.

Verizon Communications trades on the NYSE stock market under the symbol VZ.

As of November 25, 2024, VZ stock price climbed to $43.98 with 21,901,955 million shares trading.

VZ has a beta of 0.05, meaning it tends to be less sensitive to market movements. VZ has a correlation of 0.00 to the broad based SPY ETF.

VZ has a market cap of $185.16 billion. This is considered a Large Cap stock.

Last quarter Verizon Communications reported $33 billion in Revenue and $1.19 earnings per share. This fell short of revenue expectation by $-100 million and exceeded earnings estimates by $.01.

In the last 3 years, VZ traded as high as $55.51 and as low as $30.14.

The top ETF exchange traded funds that VZ belongs to (by Net Assets): VTI, VOO, SCHD, SPY, IVV.

VZ has underperformed the market in the last year with a return of +24.9%, while SPY returned +32.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in VZ shares. However, VZ has outperformed the market in the last 3 month and 2 week periods, returning +9.3% and +8.6%, while SPY returned +7.7% and -0.1%, respectively. This indicates VZ has been having a stronger performance recently.

VZ support price is $42.66 and resistance is $43.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VZ shares will trade within this expected range on the day.