Analysts Ratings on: Verizon Communications Inc. (NYSE:VZ)

How Verizon’s Proposed Interest in Charter Could Affect Comcast

The Company has 52-week high of $56.95 and 52-week low of $46.01. 3 given Buy rating to the stock whereas 1 analyst given UNDERPERFORM rating to stock and 21 analysts given HOLD rating. The company now has an average rating of Hold and a consensus price target of $53.75.

Verizon Communications Inc. closed its last trading session at $49.12 with the gain of 0.98%.

Verizon Communications Inc. (NYSE:VZ) has the market capitalization of $202.2 Billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -5.41% where SMA50 and SMA200 are -2.91% and -2.44% respectively.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Tuesday, January 24th. The cell phone carrier reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by $0.03.

In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Verizon Communications Inc.as 30.78 Billion. Return on Equity (ROE) stands at 64.9% and Return on Investment (ROI) of 15.1 percent. Verizon recorded cash of less than $3 billion on its books as of the close of past year, and it is evident that the company may require far more than what it available to close Charter acquisition deal. During the same period previous year, the business posted $0.89 earnings per share.

Other Asset Management firms and mutual funds Sell and Buy Stocks to adjust their portfolio based on the Investoment strategies.Rockland Trust Co boosted its stake in VZ in the latest quarter, The investment management firm added 3,702 additional shares and now holds a total of 333,286 shares of Verizon Communications which is valued at $16,530,986.

The firm's current ratio calculated as 1.60 for the most recent quarter. Investors of record on Tuesday, January 10th will be paid a $0.5775 dividend. Verizon Communications makes up approx 0.56% of First Premier Bank's portfolio. This represents a $2.31 annualized dividend and a yield of 4.68%. Verizon Communications's dividend payout ratio (DPR) is presently 71.74%.

In other Verizon Communications news, EVP Craig L. Silliman sold 668 shares of the firm's stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $49.29, for a total transaction of $32,925.72. Following the completion of the transaction, the executive vice president now directly owns 6,047 shares of the company's stock, valued at approximately $298,056.63. (NYSE:VZ) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Lowe fs LLC now owns 2,356 shares of the cell phone carrier's stock worth $132,000 after buying an additional 19 shares during the period. Reaves W H & Co. NBT Bancorp Inc. (NASDAQ:NBTB) quarterly performance is 23.44% while its year to date (YTD) performance is -1.53%. Ruggie Capital Group now owns 2,649 shares of the cell phone carrier's stock valued at $137,000 after buying an additional 9 shares during the period. For the year, the company reported profit of $78.4 million, or $1.80 per share. Daiwa SB Investments Ltd. now owns 3,130 shares of the cell phone carrier's stock valued at $163,000 after buying an additional 3,104 shares during the period. Solaris Asset Management LLC purchased a new stake in shares of Verizon Communications during the third quarter worth about $125,000. Allegis Investment Advisors LLC boosted its stake in Verizon Communications by 10.1% in the third quarter.

We've seen widespread speculation that Comcast (CMCSA) is set to compete with wireless providers AT&T (T), Verizon Communications (VZ), T-Mobile (TMUS), and Sprint (S). Following the transaction, the EVP of PubPolicy & Gen Counsel is left with a stake of 32.93 shares, now valued at $1633. The mean forecast was for $32.09 billion and $0.89 a share, respectively.

Related:

Comments


Other news