Verizon Communications (NYSE:VZ) on StockNews.com on hold | Panda Anku

Verizon Communications (NYSE:VZ – Rating Received) was downgraded from a “buy” rating to a “hold” rating by equity researchers at StockNews.com in a report published Tuesday.

Several other equity analysts have also recently commented on VZ. JPMorgan Chase & Co. reiterated a “hold” rating and a price target of $57.00 on shares of Verizon Communications in a research note on Friday, June 24. Bank of America downgraded shares of Verizon Communications from a “buy” rating to a “neutral” rating in a research note on Thursday, July 28, and lowered its price target for the company from $64.00 $51.00. Goldman Sachs Group downgraded shares of Verizon Communications from a “buy” rating to a “neutral” rating and lowered its price target on the company in a research note on Monday 25. UBS Group lowered its price target on shares by Verizon Communications from $57.00 to $47.00 and rated the stock “neutral” in a research note on Monday, July 25. Finally, Morgan Stanley lowered its price target on Verizon Communications shares to $58.00 from $60.00 and issued a research note on Monday, July 25, giving the stock an “equal weight” rating. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Verizon Communications has a consensus rating of “Hold” and a consensus price target of $56.50.

Course development by Verizon Communications

advertisement investment trends

Want to catch the next hot investment trend (look inside?)

As millennials try to get rich with crypto Ponzi schemes, something is happening that Wall Street is TOTALLY ignoring. And it will affect every American citizen over the age of 55…

NYSE:VZ opened at $45.56 on Tuesday. Verizon Communications has a yearly low of $43.76 and a yearly high of $56.20. The company has a market cap of $191.34 billion, a P/E of 9.13, a P/E of 2.15, and a beta of 0.33. The company’s 50-day moving average price is $48.64 and its 200-day moving average price is $50.66. The company has a gearing ratio of 1.56, a current ratio of 0.76 and a quick ratio of 0.69.

Verizon Communications (NYSE:VZ – Get Rating) last released its quarterly earnings data on Friday, July 22nd. The wireless carrier reported $1.31 EPS for the quarter, missing the consensus estimate of $1.32 ($0.01). Verizon Communications had a net margin of 15.48% and a return on equity of 26.95%. The company had revenue of $33.79 billion in the quarter, compared to analyst estimates of $33.77 billion. In the same quarter last year, the company generated earnings per share of $1.37. Verizon Communications revenue increased 0.1% year over year in the quarter. Equity analysts expect Verizon Communications to report year-to-date earnings per share of 5.2.

Insider activity at Verizon Communications

In related news, EVP Craig L. Silliman sold 1,558 shares of the company’s stock in a transaction that took place on Friday, June 3rd. The shares sold at an average price of $50.94 for a total value of $79,364.52. Upon closing of the transaction, the Executive Vice President now owns 34,961 shares of the Company, valued at approximately $1,780,913.34. The sale was disclosed in a document filed with the SEC, which can be accessed at this link. Insiders sold a total of 4,674 shares of the company’s shares worth $237,377 last quarter. 0.02% of the shares are owned by insiders.

Institutional Trading by Verizon Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First National Bank Sioux Falls added 2.8% to its position in Verizon Communications in the first quarter. First National Bank Sioux Falls now owns 6,966 shares of the wireless carrier, valued at $355,000, after buying an additional 190 shares during the period. Domani Wealth LLC increased its position in Verizon Communications shares by 2.2% in the first quarter. Domani Wealth LLC now owns 9,145 shares of the wireless carrier, valued at $466,000, after purchasing an additional 197 shares during the period. Lathrop Investment Management Corp increased its position in Verizon Communications shares by 3.8% in the first quarter. Lathrop Investment Management Corp now owns 5,462 shares of the wireless carrier, valued at $278,000, after buying an additional 198 shares during the period. First PREMIER Bank increased its position in Verizon Communications shares by 0.7% in the first quarter. First PREMIER Bank now owns 27,522 shares of the wireless carrier valued at $1,401,000 after purchasing an additional 200 shares during the period. Finally, Denali Advisors LLC added 1.3% to its position in Verizon Communications during the second quarter. Denali Advisors LLC now owns 15,800 shares of the wireless carrier valued at $802,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 63.78% of the company’s shares.

Verizon Communications Company Profile

(received rating)

Verizon Communications Inc, through its subsidiaries, provides communications, technology, information and entertainment products and services to consumers, businesses and government agencies worldwide. The consumer segment offers postpaid and prepaid service plans; Internet access on notebooks and tablets; wireless devices including smartphones and other handsets; and wireless-enabled Internet devices such as tablets and other wireless-enabled connected devices, including smartwatches.

Continue reading

Analyst Recommendations for Verizon Communications (NYSE:VZ)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Verizon Communications, you should hear this.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Verizon Communications wasn’t on the list.

While Verizon Communications is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

.

Leave a Comment