Verizon Communications (VZ) Getting Somewhat Favorable News Coverage, Study Shows
News articles about Verizon Communications (NYSE:VZ) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verizon Communications earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the cell phone carrier an impact score of 44.6832306684066 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Tumblr founder David Karp to step down (finance.yahoo.com)
- Voip-Pal.com, Inc. Addresses Shareholder’s Most Frequently Asked Questions Following its IPR Validations vs Apple, and AT&T (conferencing.tmcnet.com)
- Verizon Communications Inc. (VZ) Shares Sold by Venturi Wealth Management LLC (nismagazine.com)
- A Look at Sprint’s Key Technical Levels after Fiscal 2Q17 Results (finance.yahoo.com)
- Verizon Communications Inc. (VZ) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of research analysts have commented on VZ shares. Royal Bank Of Canada upped their price target on Verizon Communications from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Monday, July 31st. BidaskClub raised Verizon Communications from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet raised Verizon Communications from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. Cowen Inc reaffirmed a “hold” rating and set a $52.00 price target on shares of Verizon Communications in a research report on Tuesday, September 19th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $49.00 price target on shares of Verizon Communications in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.25.
Shares of Verizon Communications (NYSE VZ) traded up $0.65 during trading hours on Monday, hitting $47.66. The stock had a trading volume of 17,234,933 shares, compared to its average volume of 15,401,462. Verizon Communications has a 12-month low of $42.80 and a 12-month high of $54.83. The company has a market cap of $191,774.52, a price-to-earnings ratio of 12.54, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.07 and a quick ratio of 1.02.
Verizon Communications (NYSE:VZ) last announced its earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. The firm had revenue of $31.70 billion during the quarter, compared to analyst estimates of $31.45 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. analysts forecast that Verizon Communications will post 3.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Friday, October 6th. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.58. Verizon Communications’s dividend payout ratio (DPR) is 60.51%.
In related news, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.62, for a total transaction of $29,658.20. Following the completion of the transaction, the executive vice president now owns 5,989 shares of the company’s stock, valued at approximately $291,185.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.
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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