Verizon Communications (VZ) Given Coverage Optimism Rating of 2.55
Media coverage about Verizon Communications (NYSE:VZ) has been trending positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Verizon Communications earned a daily sentiment score of 2.55 on their scale. InfoTrie also assigned media headlines about the cell phone carrier an news buzz score of 2 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Verizon Communications’ ranking:
- Verizon Communications Inc. (VZ) to Post Q1 2019 Earnings of $1.19 Per Share, Oppenheimer Forecasts (americanbankingnews.com)
- Verizon Communications Inc. (VZ) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Yahoo strikes $117.5 million data breach settlement after earlier accord rejected (finance.yahoo.com)
- U.S. Senate Republican leader calls net neutrality bill ‘dead on arrival’ (finance.yahoo.com)
- $1.17 Earnings Per Share Expected for Verizon Communications Inc. (VZ) This Quarter (americanbankingnews.com)
VZ has been the topic of several research reports. Morgan Stanley lowered Verizon Communications from an “overweight” rating to an “equal weight” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 12th. Tigress Financial reissued a “hold” rating on shares of Verizon Communications in a report on Friday, December 28th. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Zacks Investment Research upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Saturday, January 26th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.07.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Tuesday, January 29th. The cell phone carrier reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Verizon Communications had a return on equity of 35.96% and a net margin of 11.87%. The business had revenue of $34.28 billion for the quarter, compared to the consensus estimate of $34.45 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Verizon Communications will post 4.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.6025 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.41 annualized dividend and a dividend yield of 4.13%. Verizon Communications’s dividend payout ratio is currently 51.17%.
In related news, Director Lowell C. Mcadam sold 285,988 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $56.72, for a total transaction of $16,221,239.36. Following the transaction, the director now directly owns 362,932 shares in the company, valued at $20,585,503.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig L. Silliman sold 1,349 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $57.12, for a total value of $77,054.88. Following the transaction, the executive vice president now owns 25,549 shares in the company, valued at $1,459,358.88. The disclosure for this sale can be found here. Insiders sold 288,686 shares of company stock worth $16,379,639 over the last 90 days. Company insiders own 0.03% of the company’s stock.
Verizon Communications Company Profile
Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.
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