Somewhat Positive Press Coverage Somewhat Unlikely to Impact Verizon Communications (VZ) Stock Price
Press coverage about Verizon Communications (NYSE:VZ) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the cell phone carrier an impact score of 45.9416875115088 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- From Google to Yahoo, Tech Grapples With White Male Discontent (finance.yahoo.com)
- Verizon announces an increase to the waterfall cap in, early participation results of, and election of early settlement for, its tender offers for 29 series of notes of Verizon and certain of its subsidiaries (finance.yahoo.com)
- Verizon announces early participation results of, and election of early settlement for, its private tender and exchange offers for 17 series of notes (finance.yahoo.com)
- Verizon Communications Inc. (NYSE:VZ) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Canal Capital Management LLC Buys 6694 Shares of Verizon Communications Inc. (VZ) (leisuretravelaid.com)
Verizon Communications (NYSE VZ) traded up 1.50% on Monday, reaching $48.78. The company’s stock had a trading volume of 11,064,636 shares. The firm has a market capitalization of $198.99 billion, a PE ratio of 12.54 and a beta of 0.56. Verizon Communications has a 52 week low of $42.80 and a 52 week high of $54.83. The stock’s 50 day moving average is $45.56 and its 200-day moving average is $47.34.
Verizon Communications (NYSE:VZ) last released its earnings results on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.96. Verizon Communications had a return on equity of 63.06% and a net margin of 12.88%. The business had revenue of $30.55 billion for the quarter, compared to the consensus estimate of $29.84 billion. During the same period last year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts predict that Verizon Communications will post $3.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Thursday, July 6th. Verizon Communications’s dividend payout ratio (DPR) is presently 59.23%.
Several analysts have recently issued reports on VZ shares. TheStreet upgraded Verizon Communications from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. Vetr lowered Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $50.23 target price for the company. in a research note on Wednesday, May 3rd. Bank of America Corporation reiterated a “buy” rating and issued a $59.00 target price on shares of Verizon Communications in a research note on Friday, April 28th. Barclays PLC dropped their target price on Verizon Communications from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $48.00 target price on shares of Verizon Communications in a research note on Friday, April 21st. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.73.
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In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $45.00, for a total transaction of $27,450.00. Following the sale, the executive vice president now directly owns 8,429 shares of the company’s stock, valued at $379,305. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,830 shares of company stock worth $84,229 over the last ninety days. Company insiders own 0.13% of the company’s stock.
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.
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