The S&P 500 Index spiked +3.19 points or 0.23% to end at 1,361.23 whereas the index added 1.4% for the week while it moved up 8% for the year. S&P technology stock, Verizon (VZ) spent more than $500 million in its Massachusetts wire-line communications networks and IT infrastructure in the most recent year. Being the leading investor in the Massachusetts economy and infrastructure, Verizon sustained to fetch computing novelty and communications to the Bay State’s consumers and businesses in 2011.

Manuel J. Sampedro, region president of consumer and mass business markets for Verizon commented that for the economic well-being of Massachusetts and its residents, a solid and exciting Verizon is vital because its superior networks facilitate commerce to flourish, businesses to unbolt latest markets, students to gain knowledge and parents to keep on in touch along with their children. Sampedro added that no other company is as interlinks with daily life in Massachusetts.

VZ shares price recently grew 1.08% attained $38.16. VZ intraday price ranged $38.16 - $38.55 accompanying trading capacity of 12.11 million shares.

VZ has intra-day market capitalization $109.00 billion and an enterprise value at $149.03 billion. Trailing twelve months price to sales ratio of the stock was 0.97 while price to book ratio in most recent quarter was 3.00. In profitability ratios, net profit margin in past twelve months appeared at 2.17% whereas operating profit margin for the same period at 11.62%.

The company made a return on asset of 3.57% in past twelve months and return on equity of 11.80% for similar period. In the period of trailing 12 months it generated revenue amounted to $110.88 billion gaining $39.14 revenue per share. Its year over year, quarterly growth of revenue was 62.42%.

According to preceding quarter balance sheet results, the company had $13.95 billion cash in hand making cash per share at 4.92. The total of $55.15 billion debt was there putting a total debt to equity ratio 64.20. Moreover its current ratio according to same quarter results was 1.01 and book value per share was 12.69.

Looking at the trading information, the stock price history displayed that its S&P500 52 Week Change illustrated 3.48% where the stock 50 day moving average price remained $38.32 and while 200 Day Moving Average price reached $37.07.

VZ holds 2.83 billion outstanding shares with 2.83 billion floating shares where insider possessed 0.01% and institutions kept 54.10%.

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