News articles about Verizon Communications (NYSE:VZ) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the cell phone carrier an impact score of 45.6273058314358 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Profund Advisors LLC Sells 5483 Shares of Verizon Communications Inc. (NYSE:VZ) (currenthollywood.com)
- Analyst at Oppenheimer Reconfirmed The Verizon (NYSE:VZ) “Hold” Rating They’ve Had (wisdomsave.com)
- The Verizon Communications Inc. (VZ) Shares Sold by Janney Capital Management LLC (techkenyot.com)
- IHS Markit Score Update: Decline in perceived credit worthiness is a negative sign for Verizon Communications Inc shares (finance.yahoo.com)
- What Verizon’s Technical Indicators Say about the Stock (finance.yahoo.com)
Shares of Verizon Communications (NYSE VZ) opened at 48.06 on Friday. The stock’s 50 day moving average price is $45.56 and its 200-day moving average price is $47.34. Verizon Communications has a 52-week low of $42.80 and a 52-week high of $54.83. The company has a market capitalization of $196.06 billion, a PE ratio of 12.35 and a beta of 0.56.
Verizon Communications (NYSE:VZ) last released its earnings results on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.96. The firm had revenue of $30.55 billion during the quarter, compared to analyst estimates of $29.84 billion. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. On average, analysts expect that Verizon Communications will post $3.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Thursday, July 6th. Verizon Communications’s dividend payout ratio (DPR) is currently 59.23%.
A number of equities research analysts have commented on VZ shares. TheStreet upgraded Verizon Communications from a “c+” rating to a “b-” rating in a research report on Tuesday. Vetr lowered Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $50.23 price objective for the company. in a research report on Wednesday, May 3rd. Bank of America Corporation reiterated a “buy” rating and set a $59.00 price target on shares of Verizon Communications in a report on Friday, April 28th. Barclays PLC reduced their price target on Verizon Communications from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 price target on shares of Verizon Communications in a report on Friday, April 21st. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Verizon Communications presently has an average rating of “Hold” and a consensus target price of $52.73.
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In related news, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $45.00, for a total transaction of $27,450.00. Following the completion of the sale, the executive vice president now owns 8,429 shares of the company’s stock, valued at $379,305. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 1,830 shares of company stock valued at $84,229 in the last three months. 0.13% of the stock is owned by insiders.
About Verizon Communications
Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.
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