Verizon Communications Inc. (NYSE:VZ) is the world leading mobile service provider. VZ’s image is better because of its quality services. Recently, the company said that it has sponsored a team of experts, who will have a responsibility of evaluating the mobile apps.
The company also revealed the list of hot apps, whereas it also identified the applications which will drain the battery life. Those apps that can cause the privacy of the individual to breach are also identified.
Apps that are flagged in the Verizon Communications Inc’s list included Doodle Jump, Draw Something and Fruit Ninja, majorly. These applications do not let the device to go into sleep mode, which causes the battery life of the device to seep away in a matter of minutes.
Shifting reader’s focus to the broader market, let us consider the market performance of other stocks that significantly affect the same sector. AT&T Inc. (NYSE:T) rose +1.05% to settle at $35.60, CenturyLink, Inc. (NYSE:CTL) moved up +0.60% to end at $41.76, while Telephone & Data Systems, Inc. (NYSE:TDS) jumped +2.15% to finish at $25.71 on Tuesday.
Verizon Communications Inc. (NYSE:VZ) last session’s volume of 5.75 million shares was surprisingly lower than its average volume of 14.37 million shares. The stock, after opening at $44.37, hit the high price of $44.58 and then closed at $44.44 by scoring +0.27%.
The liquidity measure in recent quarter results of the company was recorded 0.79 as current ratio and, on the other side, the debt to equity ratio was 1.57 and long-term debt to equity ratio remained at 1.44. The Company had total cash of $3.56 billion at hand and a book value per share as $11.60 in the most recent quarter.
The stock’s price volatility was 1.08% for a week and 1.34% for a month as well as price volatility’s Average True Range for 14 days was 0.61 and its beta remained at 0.46.
VZ generated revenue of $115.85 billion in the previous twelve months and earned $875.00 million. The Company showed a positive 9.11% in the net profit margin as well as in its operating margin which remained at 11.36%. Company’s annual sales growth for the past five years was 4.39%.
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