Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Verizon Communications (VZ) Stock Price
News stories about Verizon Communications (NYSE:VZ) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the cell phone carrier an impact score of 45.7983457317923 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’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)
VZ has been the subject of a number of research analyst reports. Vetr raised shares of Verizon Communications from a “buy” rating to a “strong-buy” rating and set a $50.65 target price for the company in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Verizon Communications from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Royal Bank Of Canada reissued a “hold” rating and set a $48.00 target price on shares of Verizon Communications in a research report on Sunday, July 9th. TheStreet lowered shares of Verizon Communications from a “b-” rating to a “c” rating in a research report on Thursday, April 27th. Finally, BidaskClub raised shares of Verizon Communications from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.73.
Shares of Verizon Communications (NYSE VZ) traded down 0.42% during mid-day trading on Friday, reaching $47.69. 16,919,130 shares of the company’s stock traded hands. The stock has a market cap of $194.55 billion, a PE ratio of 12.26 and a beta of 0.56. Verizon Communications has a 12 month low of $42.80 and a 12 month high of $54.83. The firm has a 50 day moving average price of $46.01 and a 200-day moving average price of $47.29.
Verizon Communications (NYSE:VZ) last posted its earnings results on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.96. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%. The firm had revenue of $30.55 billion for the quarter, compared to analyst estimates of $29.84 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts predict that Verizon Communications will post $3.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Thursday, July 6th. Verizon Communications’s payout ratio is 59.23%.
In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.74, for a total transaction of $29,121.40. Following the sale, the executive vice president now directly owns 7,819 shares of the company’s stock, valued at approximately $373,279.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 1,830 shares of company stock worth $84,229 over the last three months. Insiders own 0.13% of the company’s stock.
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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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