Verizon Communications Inc. (NYSE:VZ) Reviewed By Analysts
04/20/2017 – Verizon Communications Inc. had its “neutral” rating reiterated by analysts at Macquarie. (NYSE:VZ) by 48.5% during the first quarter, according to its most recent 13F filing with the SEC. It also reduced its holding in Grupo Televisa Sa (NYSE:TV) by 525,993 shares in the quarter, leaving it with 930,260 shares, and cut its stake in Chesapeake Lodging Tr (NYSE:CHSP). Sunbelt Securities Inc. bought a new stake in shares of Verizon Communications during the fourth quarter valued at about $115,000. AlphaOne also assigned news stories about the cell phone carrier an impact score of 80 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the next several days. Over the past 2 quarters, the stock is down -8.45%, compared with a fall of almost -10.45% for 3 months and about -4.33% for the past 30 days. They now have a $46.00 price target on the cell phone carrier’s stock, down from their previous price target of $47.00. Westside Investment Management Inc. raised its position in shares of Verizon Communications by 2.2% in the first quarter. Ruggie Capital Group increased its stake in Verizon Communications by 0.3% in the third quarter. The fund owned 41,717 shares of the cell phone carrier’s stock after selling 1,600 shares during the period. Stock investors acquired 2,072 call options on the company. (NYSE:VZ) for 6.80M shares. Verizon Communications has a 12 month low of $44.46 and a 12 month high of $56.95.
Verizon Communications Inc. has a 50 day moving average of 46.77 and a 200 day moving average of 49.37.
The stock has actually made sharp losses in the past year, as the company has gathered a -7.45% return in the past twelve months. (NYSE:VZ) news were published by: Prnewswire.com which released: “Verizon to webcast analyst meeting May 8” on May 05, 2017, also Investorplace.com with their article: “Scrape Verizon Communications Inc”. This represents an increase of approximately 106% compared to the average volume of 1,006 call options. (NYSE:VZ). Pinnacle Assocs Limited owns 0.41% invested in Verizon Communications Inc. The cell phone carrier reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The company had revenue of $29.81 billion during the quarter, compared to analysts’ expectations of $30.41 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. Equities research analysts forecast that Verizon Communications Inc. will post $3.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, April 10th were paid a $0.5775 dividend. A rating of 4 or 5 would represent a Sell recommendation. Verizon Communications’s dividend payout ratio (DPR) is now 71.74%. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & global trademark and copyright laws. If you are viewing this report on another publication, it was illegally stolen and republished in violation of global copyright & trademark law.
VZ has been the subject of a number of research reports. Finally, Moffett Nathanson upgraded Verizon Communications from a neutral rating to a buy rating and lifted their price target for the company from $53.00 to $54.00 in a report on Tuesday, February 21st. Vetr cut shares of Verizon Communications from a “buy” rating to a “hold” rating and set a $52.38 price objective on the stock.in a research report on Monday, January 2nd.
Verizon Communications Inc. (NYSE:VZ)’s latest quote $45.31 $0.07 0.6% will find technical support in $45.09 a share and a breakdown below this region would be a significantly bearish signal for Verizon Communications Inc. traders. BTIG Research reissued a “neutral” rating on shares of Verizon Communications in a research note on Monday, March 6th. The institutional investor held 67.70M shares of the telecommunications equipment company at the end of 2016Q4, valued at $3.61B, up from 2.58M at the end of the previous reported quarter. Twenty-five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. They set a “hold” rating and a $53.00 target price for the company.
In other Verizon Communications news, EVP Marni M. Walden sold 32,254 shares of the company’s stock in a transaction that occurred on Monday, February 27th. Following the transaction, the executive vice president now directly owns 11,797 shares in the company, valued at $543,605.76. The shares were sold at an average price of $49.92, for a total value of $1,610,119.68. The disclosure for this sale can be found here. Share performance for the month is now at -4.33%. Hennessy Advsrs Inc owns 216,200 shares for 0.34% of their portfolio. Franklin Resources holds 0.34% of its portfolio in Verizon Communications Inc.