Verizon posts Fios TV subscriber losses for third straight quarter

Andrew Cummings
October 20, 2017

It is negative, as 90 investors sold VZ shares while 700 reduced holdings. Miles Capital Inc. now owns 4,653 shares of the cell phone carrier's stock worth $208,000 after acquiring an additional 127 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Verizon Communications by 35.5% in the first quarter.

The company's revenue beat Wall Street expectations while meeting analysts' estimates on profit. Atwood And Palmer owns 0.02% invested in Verizon Communications Inc. Balentine LLC now owns 5,389 shares of the cell phone carrier's stock worth $241,000 after acquiring an additional 91 shares during the last quarter.

Arbiter Partners Capital Management Llc, which manages about $1.06 billion and $815.68M US Long portfolio, upped its stake in Great Elm Capital Group Inc by 706,831 shares to 919,927 shares, valued at $3.13M in 2017Q2, according to the filing. Cobblestone Advisors Limited Company Ny accumulated 19,046 shares or 0.11% of the stock. Following the transaction, the executive vice president now directly owns 6,599 shares of the company's stock, valued at approximately $324,868.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. That would be roughly in line with the 442,000 the company netted previous year. The stock decreased 0.96% or $0.47 during the last trading session, reaching $48.65. They see Sony Corporation (SNE) price hitting a mean target of $46.97 a share, meaning the stock still has potential that could lift the price another 25.39% Also, the recent close suggests the stock is underpriced by 59.34% compared to the most bullish target. National Bank Canada upgraded the shares of SU in report on Friday, October 30 to "Outperform" rating. A buy point would be at 50.41. Verizon Communications has a consensus rating of "Hold" and a consensus target price of $52.86. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold.

TRADEMARK VIOLATION NOTICE: This report was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another site, it was stolen and republished in violation of United States and worldwide trademark and copyright law. Royal Natl Bank Of Scotland Gru Plc stated it has 0.09% in Verizon Communications Inc. (NYSE:VZ) advice adding it to buy candidate list. Moreover, Bridges Inc has 0.31% invested in Verizon Communications Inc. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. The company has a 50-day moving average of $48.45 and a 200-day moving average of $47.01. The firm has a market capitalization of $204.07 billion, a price-to-earnings ratio of 12.860 and a beta of 0.56. Verizon Communications had a return on equity of 63.06% and a net margin of 12.88%.

FiOS revenue grew 4.8 percent to $2.9 billion. Adjusted EPS fell to Dollars 0.98 from USD 1.01 a year ago. The firm's revenue was up.1% compared to the same quarter past year.

Analysts are expecting Philip Morris International Inc.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.59 dividend. With 2.50M avg volume, 4 days are for Suncor Energy Incorporated (NYSE:SU)'s short sellers to cover SU's short positions. The stock has "Neutral" rating by Nomura on Friday, October 16. Verizon Communications's dividend payout ratio (DPR) is presently 60.51%.

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