Is Verizon Communications Inc. (VZ) a Stock to Watch After Gaining 0.13% This Week?

The market has been high on Verizon Communications Inc. (VZ) stock recently. VZ gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Verizon Communications Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VZ!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With VZ Stock Today?

Verizon Communications Inc. (VZ) stock is lower by -0.03% while the S&P 500 is up 0.05% as of 9:53 AM on Friday, Dec 29. VZ has fallen -$0.01 from the previous closing price of $37.49 on volume of 659,703 shares. Over the past year the S&P 500 is higher by 26.50% while VZ has fallen -3.43%. VZ earned $4.96 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.56. To screen for more stocks like Verizon Communications Inc. click here.

More About Verizon Communications Inc.

Verizon is primarily a wireless business (nearly 80% of revenue and nearly all operating income). It serves about 93 million postpaid and 24 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services. Click Here to get the full Stock Report for Verizon Communications Inc. stock.