VZ Stock Price Prediction: Will Verizon Communications Break the $32 Level?

VZ Stock Price Prediction: Will Verizon Communications Break the $32 Level?

1
Verizon Communications stock is currently trading at $33.06 with a drop of 0.63% and a market cap of $138.986 Billion.
2
VZ took a rejection from the upper trendline with a strong bearish candle.
VZ is trading at $33.06 with a trading volume of 19.128 Million while the average trading volume of the last 10 days was 19.616 Million. The current market cap of the company is $138.986 Billion with a price-to-earnings ratio of 6.66. The floating share value is 4.203 Billion with an essential EPS of $5.00.
The Q2 2023 earnings of the company gave a revenue of 32.60 Billion and a net income of 4.65 Billion with a profit margin of 14.26%. However, the earnings of the stock were less than the Q1 2023 earnings.
This year, VZ’s performance was poor. Since the beginning of the year, the company gave a negative return of 16.87% to its investors. Also, a weakness in momentum has been observed.
As per TradingView, out of 26 indicators,14 are on the sell side, 9 are

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