Verizon Communications (VZ) Getting Somewhat Favorable News Coverage, Analysis Shows
News stories about Verizon Communications (NYSE:VZ) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring 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 nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the cell phone carrier an impact score of 45.5083198915242 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- UPDATE 1-Fox shares rise on signs of more takeover interest (CMCSA, VZ, DIS, NFLX, TWX, T) (uk.news.yahoo.com)
- Bloomberg: Verizon, NFL Close To Announcing Digital Streaming Deal (nasdaq.com)
- [$$] Murdoch talks with Comcast and Verizon spur media deal frenzy (finance.yahoo.com)
- Comcast Said to Express Interest in Fox Assets (finance.yahoo.com)
- Verizon, NFL Are Close to Announcing Digital Streaming Deal (finance.yahoo.com)
Several research firms have weighed in on VZ. Robert W. Baird restated a “hold” rating and set a $49.00 target price on shares of Verizon Communications in a report on Wednesday, October 4th. Macquarie restated a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a report on Sunday, October 22nd. KeyCorp restated a “hold” rating on shares of Verizon Communications in a report on Saturday, October 21st. Bank of America Corporation set a $52.00 target price on Verizon Communications and gave the company a “buy” rating in a report on Friday, October 20th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $50.00 target price on shares of Verizon Communications in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $52.75.
Shares of Verizon Communications (VZ) traded up $0.65 on Friday, reaching $45.42. 18,732,228 shares of the company’s stock were exchanged, compared to its average volume of 17,355,320. The company has a market capitalization of $185,288.20, a PE ratio of 12.11, a price-to-earnings-growth ratio of 4.27 and a beta of 0.55. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 4.05. Verizon Communications has a 1 year low of $42.80 and a 1 year high of $54.83.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. The firm had revenue of $31.70 billion during the quarter, compared to analysts’ expectations of $31.45 billion. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. analysts expect that Verizon Communications will post 3.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.59 per share. This is a boost from Verizon Communications’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 5.20%. Verizon Communications’s dividend payout ratio (DPR) is currently 60.51%.
In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $48.65, for a total transaction of $29,676.50. Following the completion of the transaction, the executive vice president now owns 7,209 shares in the company, valued at $350,717.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,830 shares of company stock valued at $89,365. Corporate 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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