Starting the day trading at $58.06, Verizon Communications Inc. reached an intraday high of $58.80 and hit intraday lows of $58.02. Shares gained $0.61 apiece by day’s end. Over the last 90
days, the stock’s average daily volume has been n/a of its 4.14 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day
SMA at $n/a with a 52-week range of $48.85 to $61.96.
Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.
Verizon Communications Inc. has its corporate headquarters located in New York, NY and employs 133,200 people. Its market cap has now risen to $243.11 billion after today’s trading, its P/E
ratio is now n/a, its P/S n/a, P/B 4.04, and P/FCF n/a.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional
investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting
method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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