Verizon Communications (VZ) : During the past 4 weeks, traders have been relatively bearish on Verizon Communications (VZ), hence the stock is down -6.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.21% relative to the S&P 500. The 4-week change in the price of the stock is -6.51% and the stock has fallen -2.24% in the past 1 week.
Verizon Communications Inc. is up 6.68% in the last 3-month period. Year-to-Date the stock performance stands at 17.26%. The stock has recorded a 20-day Moving Average of 3.17% and the 50-Day Moving Average is 3.49%.
Verizon Communications (NYSE:VZ): The stock opened at $52.89 on Friday but the bulls could not build on the opening and the stock topped out at $52.91 for the day. The stock traded down to $52.16 during the day, due to lack of any buying support eventually closed down at $52.45 with a loss of -0.79% for the day. The stock had closed at $52.87 on the previous day. The total traded volume was 11,990,982 shares.
Also, Major Brokerage house, Morgan Stanley maintains its ratings on Verizon Communications (NYSE:VZ). In the latest research report, Morgan Stanley raises the target price from $59 per share to $60 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.