Verizon Communications (VZ) Receives Coverage Optimism Rating of 0.10
News articles about Verizon Communications (NYSE:VZ) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Verizon Communications earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the cell phone carrier an impact score of 44.6248968446666 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Verizon Communications Inc. (VZ) Lacking Vigorous Positions in Performance Measures – Stock News Stop (stockmarketstop.com)
- Is Verizon Communications a Great Stock for Value Investors? – Nasdaq (nasdaq.com)
- What happens once ‘net neutrality’ rules bite the dust? (marketbeat.com)
- US STOCKS SNAPSHOT-Verizon, chipmakers buoy Wall Street (finance.yahoo.com)
- Verizon Communications Inc. (VZ) Raised to Outperform at Wells Fargo & Company (americanbankingnews.com)
VZ has been the topic of several research analyst reports. TheStreet raised Verizon Communications from a “c+” rating to a “b-” rating in a research note on Tuesday, August 8th. Moffett Nathanson reissued a “buy” rating on shares of Verizon Communications in a research note on Thursday, October 12th. Cowen and Company reissued a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a research note on Tuesday, September 19th. KeyCorp reissued a “hold” rating on shares of Verizon Communications in a research note on Wednesday, October 11th. Finally, Wells Fargo & Company raised Verizon Communications from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Verizon Communications has a consensus rating of “Hold” and a consensus price target of $51.25.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. The company had revenue of $31.70 billion for the quarter, compared to analysts’ expectations of $31.45 billion. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. equities research analysts predict that Verizon Communications will post 3.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.01%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, October 6th. Verizon Communications’s dividend payout ratio is presently 60.51%.
In related news, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $49.23, for a total value of $30,030.30. Following the sale, the executive vice president now directly owns 6,599 shares of the company’s stock, valued at $324,868.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 1,830 shares of company stock worth $89,365. 0.13% of the stock is owned by insiders.
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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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