Verizon Communications Inc NYSE:VZ appointed Mike Maiorana, regional president of Verizon Wireless for Maryland, Virginia and the District of Columbia, to two regional boards of directors. With this action taken Maiorana now serves on the boards of both the Maryland Chamber of Commerce and the Northern Virginia Technology Council (NVTC).
Working on the position of regional president of Verizon Wireless, Maiorana is responsible for regional sales, marketing, customer service, retail stores and expansion of the nation?s largest wireless network.
VZ is basically a Telecom Services ? Domestic industry company that holds a portfolio of approximately 196,200 employees. Company?s stock price is increasing for the most recent quarter as Verizon Communications? six consecutive months? share price growth is +2.00% with its relative strength index of 63. However on semi-annual basis the stock price increased by +13.60% with relative strength index of 78.
The sales of company increased by 8.92% for the last five consistent years and resulted $106.64 billion for last consecutive twelve months. The company?s growth of its sales in recent quarter vs. year ago quarter recorded 0.30% which is below the Industry benchmark of 4.80% and below from Standard and Poor?s benchmark of 12.10%.
Company?s stock price on May 27, 2011 increased 0.16% and settled to the closing price of $36.67. The overall volume in the last trading session was 7.43 million shares. Its fifty two week range was $25.99-$38.95. The total market capitalization remained $102.68 billion.
The VZ current share price is moving above its 52 week low by 46.91% and moving below from 52 week high price by 4.64%. VZ last month stock price volatility remained 1.22%. In its share capital VZ has 2.83 billion outstanding shares while company?s float is the same 2.83 billion shares. Ownership of company is 53.60% institutional while insiders owning 0.01%. Company?s beta coefficient is 0.67.
Verizon Wireless operates the nation?s fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 104 million total wireless connections, including more than 88 million retail customers. Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD).
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