Verizon Fixates on 'Future' Network, as It Loses Subs, Revenue

Andrew Cummings
April 21, 2017

Norges Bank acquired a new stake in Verizon Communications during the fourth quarter worth about $1,712,958,000. (NYSE:VZ) have set a consensus target of $51.965 on shares. Investors measure stock performance on the basis of a company's earnings power.

Verizon Communications (NYSE:VZ) opened at 48.46 on Thursday. Guidant Wealth Advisors bought a new position in shares of Verizon Communications during the third quarter worth $107,000. MD now owns 29,966,112 shares of the cell phone carrier's stock worth $1,557,638,000 after buying an additional 4,982,419 shares during the period.

In an analyst rating update on Monday shares of Verizon Communications Inc. The stock traded at a volume of 10.72 million shares. During the same quarter previous year, the company earned $1.06 EPS. Wall Street Access Asset Management LLC now owns 24,269 shares of the cell phone carrier's stock valued at $1,295,000 after buying an additional 17,900 shares during the last quarter. Finally, Private Trust Co.

The share price of Verizon Communications Inc.

During last 3 month it remained at -5.56%.

Other hedge funds have also recently made changes to their positions in the company.

April 19, 2017 Verizon Communications Inc.

General Motors Company (NYSE:GM) share price increased in the last trading session with a previous 52-week high of $38.16. The firm has a market cap of $200.66 billion, a price-to-earnings ratio of 15.33 and a beta of 0.43. The firm has a 50 day moving average price of $49.36 and a 200-day moving average price of $49.97. Verizon Communications also was the target of some unusual options trading activity on Tuesday. The stock decreased 1.69% or $0.38 on April 13, reaching $22.04. The business earned $32.30 billion during the quarter, compared to the consensus estimate of $32.12 billion. Verizon Communications had a net margin of 10.42% and a return on equity of 72.75%.

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

The quarterly company earnings release is usually highly anticipated. Investors of record on Tuesday, January 10th were given a $0.5775 dividend. The ex-dividend date is Thursday, April 6th. This represents a $2.31 annualized dividend and a dividend yield of 4.75%. If you are accessing this report on another domain, it was illegally copied and reposted in violation of USA & global copyright & trademark law.

02/13/2017 - Verizon Communications Inc. had its "neutral" rating reiterated by analysts at Instinet. According to this price target, it now means the analyst believes there is a potential increase of 0.37% from the company's current share price of 48.82. (NYSE:VZ) earned "Hold" rating by Zacks on Friday, August 14.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.67 on the shares of Verizon Communications Inc. Jupiter Asset Management holds 1.41 million shares. The company presently has an average rating of "Hold" and an average target price of $54.40. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eight have assigned a buy rating to the stock. They set a "hold" rating and a $53.00 target price on the stock. SILLIMAN CRAIG L. had sold 610 shares worth $30,799 on Monday, February 27. Shares for $543,385 were sold by Gurnani Roger on Thursday, February 23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The company traded a volume of 11.21 million shares over average volume of 8.31 million shares. Company insiders own 0.10% of the company's stock. The disclosure for this sale can be found here.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations.

Depending on the earnings numbers reported, Verizon Communications Inc. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies.

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