Somewhat Positive News Coverage Extremely Likely to Impact Verizon Communications (VZ) Share Price

News stories about Verizon Communications (NYSE:VZ) have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Verizon Communications earned a media sentiment score of 1.38 on their scale. InfoTrie also assigned news stories about the cell phone carrier an news buzz score of 9 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Verizon Communications’ score:

Shares of NYSE VZ opened at $58.09 on Wednesday. The stock has a market capitalization of $248.92 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.48. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.93 and a current ratio of 0.97. Verizon Communications has a 1 year low of $46.08 and a 1 year high of $61.58.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $32.45 billion. Verizon Communications had a net margin of 24.71% and a return on equity of 35.50%. Verizon Communications’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Analysts expect that Verizon Communications will post 4.68 EPS for the current year.

A number of equities research analysts have commented on VZ shares. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, September 25th. Barclays raised their target price on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, October 24th. Morgan Stanley raised their target price on shares of Verizon Communications from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, October 29th. Finally, Scotiabank set a $62.00 target price on shares of Verizon Communications and gave the company a “buy” rating in a research note on Wednesday, October 24th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Verizon Communications presently has a consensus rating of “Buy” and a consensus price target of $56.22.

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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; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

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