(VZ) Verizon Communications - Ratings and Ratios

Verizon Communications Inc. is a global telecommunications conglomerate that provides a wide range of services, including wireless communications, broadband, and entertainment products, to consumers, businesses, and government entities. The companys two main segments, Verizon Consumer Group and Verizon Business Group, cater to different markets, with the former focusing on individual consumers and the latter on businesses and government customers. Verizons extensive network infrastructure, including its fiber-optic and wireless networks, enables it to offer a diverse portfolio of services, such as wireless plans, internet connectivity, and IoT solutions.

In addition to its core telecommunications services, Verizon has been expanding its presence in the growing IoT market, providing businesses with connected solutions and services. The companys wireless network is one of the largest in the United States, and its fiber-optic network, Verizon Fios, offers high-speed internet and TV services to customers in the Mid-Atlantic and Northeastern United States. With a strong brand presence and a history dating back to 1983, Verizon has established itself as a leader in the telecommunications industry.

From a technical analysis perspective, Verizons stock has been trending upwards, with its current price of $43.96 near its 20-day and 50-day moving averages. The stock has support levels at $43.1, $40.0, and $38.9, and resistance at $44.1. Given the current ATR of 0.83, representing a 1.88% daily price movement, it is likely that the stock will continue to trade within a narrow range in the short term.

Using both technical and fundamental data, a forecast for Verizons stock can be made. With a P/E ratio of 10.32 and a forward P/E of 9.25, the stock appears to be undervalued. Additionally, the companys RoE of 18.12 indicates strong profitability. Considering the current technical trends and fundamental data, it is likely that Verizons stock will continue to appreciate in the long term, potentially reaching the $45.76 level, which was its 52-week high. A potential target price could be around $45, representing a 2.5% increase from the current price. However, if the stock fails to break through the resistance level at $44.1, it may consolidate around its current price or potentially decline to its support levels.