Media headlines about Verizon Communications (NYSE:VZ) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 press coverage about the cell phone carrier an impact score of 45.6273058314358 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Family Management Corp Increases Its Holdings in Verizon Communications Inc. (VZ) Stock (techkenyot.com)
- Verizon retailer selects site in Raleigh for new HQ, 250 jobs (finance.yahoo.com)
- ETFs with exposure to Verizon Communications, Inc. : August 18, 2017 (finance.yahoo.com)
- Verizon (VZ) and Amazon Team Up for Virtual Network Services (finance.yahoo.com)
- Verizon Communications Inc. (VZ) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Verizon Communications (VZ) traded down 0.42% on Friday, reaching $47.69. The company had a trading volume of 16,919,130 shares. The company’s 50-day moving average is $46.01 and its 200-day moving average is $47.29. The company has a market capitalization of $194.55 billion, a PE ratio of 12.26 and a beta of 0.56. Verizon Communications has a 52-week low of $42.80 and a 52-week high of $54.83.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings data 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. Verizon Communications had a return on equity of 63.06% and a net margin of 12.88%. The firm had revenue of $30.55 billion for the quarter, compared to analysts’ expectations of $29.84 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Verizon Communications’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts anticipate that Verizon Communications will post $3.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Thursday, July 6th. Verizon Communications’s payout ratio is 59.23%.
Several research analysts have commented on the stock. TheStreet lowered shares of Verizon Communications from a “b-” rating to a “c” rating in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Verizon Communications in a research report on Wednesday, June 28th. Vetr raised shares of Verizon Communications from a “buy” rating to a “strong-buy” rating and set a $50.65 price objective on the stock in a research report on Wednesday, July 5th. Macquarie reissued a “neutral” rating and set a $49.00 price objective (down from $50.00) on shares of Verizon Communications in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target (down previously from $51.00) on shares of Verizon Communications in a report on Sunday, April 23rd. Two 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 given a strong buy rating to the stock. The company 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 stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $45.00, for a total value of $27,450.00. Following the completion of the transaction, the executive vice president now directly owns 8,429 shares of the company’s stock, valued at approximately $379,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,830 shares of company stock valued at $84,229 over the last three months. Corporate insiders own 0.13% of the company’s stock.
Verizon Communications Company Profile
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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