Verizon Communications (NYSE:VZ) was downgraded by research analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating in a report issued on Tuesday.

A number of other equities research analysts have also recently issued reports on VZ. Cowen reissued a “hold” rating and issued a $52.00 price target on shares of Verizon Communications in a research note on Tuesday, September 19th. KeyCorp restated a “hold” rating on shares of Verizon Communications in a report on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and issued a $49.00 price objective on shares of Verizon Communications in a report on Wednesday, October 4th. ValuEngine upgraded Verizon Communications from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Finally, HSBC lowered Verizon Communications from a “buy” rating to a “hold” rating and decreased their price objective for the company from $54.83 to $42.80 in a report on Thursday, December 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.98.

Verizon Communications (VZ) traded down $0.25 during trading on Tuesday, reaching $51.86. 17,673,400 shares of the company were exchanged, compared to its average volume of 14,982,733. Verizon Communications has a 1 year low of $42.80 and a 1 year high of $53.69. The firm has a market cap of $211,850.00, a PE ratio of 13.30, a P/E/G ratio of 4.68 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 4.05.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The firm had revenue of $31.70 billion for the quarter, compared to analysts’ expectations of $31.45 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts predict that Verizon Communications will post 3.77 EPS for the current fiscal year.

In other news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.41, for a total transaction of $28,920.10. Following the transaction, the executive vice president now owns 3,269 shares in the company, valued at approximately $154,983.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Verizon Communications during the 2nd quarter worth about $623,000. Shine Investment Advisory Services Inc. increased its position in shares of Verizon Communications by 190.9% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock worth $134,000 after purchasing an additional 1,775 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Verizon Communications during the 3rd quarter worth about $132,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Verizon Communications during the 2nd quarter worth about $156,000. Finally, Regal Wealth Group Inc. increased its position in shares of Verizon Communications by 0.7% during the 2nd quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock worth $164,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 63.22% of the company’s stock.

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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.

Analyst Recommendations for Verizon Communications (NYSE:VZ)

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