VZ Consolidates Near $40 as Dividend Draws Buyers
$Verizon(VZ)$
VZ Gains +1.00%: Telecom Giant Holds $40 Support, Aims for $41-$42 Zone
Latest Close Data
Closed at $40.32 on 2025-12-25, up +1.00% (+$0.40). Price remains ~15% below its 52-week high of $47.35.
Core Market Drivers
The stock's steady climb is supported by its attractive ~6.75% dividend yield, drawing income-seeking investors in a stable rate environment.
Recent trading shows modest net capital inflow, indicating balanced buying interest.
Technical Analysis
Volume was light at 7.95M shares (Volume Ratio 0.55).
The 6-day RSI rose to 49.0, exiting near-oversold territory and suggesting a potential shift in short-term momentum.
MACD remains in negative territory (-0.149), indicating the broader trend is still neutral to slightly bearish.
Key Price Levels
Primary Support: $39.93 (yesterday's identified level).
Immediate Pivot/Resistance: $40.81 (yesterday's resistance).
Strong Resistance: ~$41.50-$42.00 (psychological & recent swing high area).
Valuation Perspective
Forward P/E of 8.51 is below its historical average (~9.02) and the sector, highlighting potential value. TTM P/E is 8.60 with a P/S of 1.24.
Analyst Targets
23 analysts have an average price target of $47.12 (+17% upside). Consensus is "Hold" with 3 Strong Buy, 6 Buy, 15 Hold, and 1 Underperform ratings.
Weekly Outlook
Expect consolidation between $39.90 and $40.80. A decisive close above $40.81 could target the $41.50-$42.00 zone. Failure to hold $39.90 may lead to a retest of $39.50.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal.
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