Headlines about Verizon Communications (NYSE:VZ) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verizon Communications earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the cell phone carrier an impact score of 44.683982308026 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Tax Benefits for T-Mobile in 4Q17 (finance.yahoo.com)
- Verizon Communications Inc. (VZ) – Momentum Active stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Beta factor is Very Low in this Stock: Verizon Communications Inc. (VZ) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- The 4.9% Yield Is the Only Reason to Own Verizon Communications Inc. Stock – Investorplace.com (investorplace.com)
- Why Is Verizon Communications (VZ) Down 11.6% Since its Last Earnings Report? (finance.yahoo.com)
Shares of Verizon Communications (VZ) traded up $0.42 on Friday, reaching $48.29. 26,371,397 shares of the company traded hands, compared to its average volume of 19,600,000. Verizon Communications has a 1 year low of $42.80 and a 1 year high of $54.77. The stock has a market cap of $197,000.00, a P/E ratio of 14.81, a P/E/G ratio of 1.95 and a beta of 0.58. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.87 and a current ratio of 0.91.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Tuesday, January 9th. Verizon Communications’s dividend payout ratio is presently 72.39%.
A number of research firms have weighed in on VZ. Vetr raised shares of Verizon Communications from a “buy” rating to a “strong-buy” rating and set a $54.80 price objective for the company in a report on Tuesday. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, February 13th. SunTrust Banks lifted their target price on shares of Verizon Communications to $58.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Macquarie reiterated a “hold” rating and issued a $54.00 target price on shares of Verizon Communications in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Verizon Communications from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Verizon Communications currently has an average rating of “Hold” and a consensus target price of $53.48.
In other news, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $47.41, for a total value of $28,920.10. Following the completion of the transaction, the executive vice president now owns 3,269 shares in the company, valued at approximately $154,983.29. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total transaction of $346,956.60. Following the completion of the transaction, the senior vice president now owns 16,059 shares of the company’s stock, valued at approximately $799,738.20. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Verizon Communications (NYSE:VZ) Stock Price” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://stocknewstimes.com/2018/02/23/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-verizon-communications-vz-stock-price.html.
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.
Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.