Verizon Communications Inc. (VZ) Closes 0.65% Down on the Day for February 06

Equities Staff  |

Shares of Verizon Communications Inc. (VZ) ended the trading day Wednesday at $53.79, representing a move of -0.65%, or $0.35 per share, on volume of 11.06 million shares.

Verizon is now primarily a wireless business (70% of revenue and nearly all of operating income). The firm serves about 88 million postpaid and 5 million prepaid phone customers and connects another 23 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the northeast and mid-Atlantic that reach about 25 million homes and businesses (12% of revenue) and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Oath, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.

After opening the trading day at $54.11, shares of Verizon Communications Inc. traded between a range of $53.68 and $54.37. Verizon Communications Inc. currently has a total float of 4.13 billion shares and on average sees 19.13 million shares exchange hands each day.

The stock now has a 50-day SMA of $56.63 and 200-day SMA of $52.38, and it has a high of $61.58 and low of $46.09 over the last year. Its P/E ratio is 13.9 and its P/B ratio is 4.08.

Verizon Communications Inc. is based out of New York, NY, and has 152,300 employees. The company’s CEO is Hans Erik Vestberg.

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To get more information on Verizon Communications Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: VZ’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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