Media headlines about Verizon Communications (NYSE:VZ) have trended somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verizon Communications earned a news sentiment score of 1.00 on their scale. InfoTrie also gave media headlines about the cell phone carrier an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Verizon Communications’ analysis:
Several research firms have issued reports on VZ. Sanford C. Bernstein began coverage on shares of Verizon Communications in a research note on Tuesday, October 15th. They set a “market perform” rating and a $63.00 price objective for the company. SunTrust Banks raised their target price on shares of Verizon Communications from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Oppenheimer upgraded shares of Verizon Communications from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, August 27th. ValuEngine raised shares of Verizon Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup set a $62.00 price target on shares of Verizon Communications and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.84.
Shares of NYSE VZ traded up $0.37 during trading on Friday, reaching $61.19. 9,086,093 shares of the stock were exchanged, compared to its average volume of 9,623,866. The company has a market capitalization of $251.54 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 3.91 and a beta of 0.52. The business’s 50-day moving average price is $60.08 and its 200 day moving average price is $58.40. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.99. Verizon Communications has a twelve month low of $52.28 and a twelve month high of $61.34.
Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Friday, October 25th. The cell phone carrier reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.01. Verizon Communications had a net margin of 12.26% and a return on equity of 34.50%. The business had revenue of $32.89 billion during the quarter, compared to analyst estimates of $32.74 billion. During the same period last year, the business earned $1.22 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Verizon Communications will post 4.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, January 9th. Verizon Communications’s payout ratio is 52.23%.
In other Verizon Communications news, EVP Craig L. Silliman sold 1,346 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $59.55, for a total transaction of $80,154.30. Following the completion of the transaction, the executive vice president now directly owns 18,637 shares of the company’s stock, valued at approximately $1,109,833.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig L. Silliman sold 1,349 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $60.14, for a total transaction of $81,128.86. Following the completion of the sale, the executive vice president now directly owns 21,332 shares of the company’s stock, valued at approximately $1,282,906.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,044 shares of company stock worth $242,790. Corporate insiders own 0.03% of the company’s stock.
Verizon Communications Company Profile
Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company’s Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.
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