News articles about Verizon Communications (NYSE:VZ) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the cell phone carrier an impact score of 44.683982308026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Verizon Communications Inc. (VZ) – Unusual Volume Activity on Watch List – Wall Street Morning (wallstreetmorning.com)
- Inside Sprint’s Customer Base (finance.yahoo.com)
- Equinix, Inc. — Moody’s says Equinix’s Infomart acquisition will not impact its Ba3 rating or positive outlook (finance.yahoo.com)
- Amazon, Twitter, YouTube Considering Bidding ‘Hundreds of Millions’ for NFL Rights (finance.yahoo.com)
- Notable ETF Inflow Detected – VTV, VZ, DWDP, MRK (nasdaq.com)
A number of analysts have commented on the stock. KeyCorp increased their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Bank of America increased their price objective on shares of Verizon Communications from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Nomura increased their price objective on shares of Verizon Communications from $61.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Macquarie reiterated a “hold” rating and issued a $54.00 price objective on shares of Verizon Communications in a report on Wednesday, January 24th. Finally, SunTrust Banks increased their price objective on shares of Verizon Communications to $58.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.51.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). The firm had revenue of $33.96 billion for the quarter, compared to analyst estimates of $33.20 billion. Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 EPS. equities research analysts forecast that Verizon Communications will post 4.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.71%. Verizon Communications’s dividend payout ratio is currently 72.39%.
In related news, SVP Anthony T. Skiadas sold 6,967 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the completion of the sale, the senior vice president now owns 16,059 shares in the company, valued at approximately $799,738.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the completion of the sale, the executive vice president now owns 3,269 shares of the company’s stock, valued at approximately $154,983.29. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.
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About Verizon Communications
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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