Impact of Brokerage Rating on Verizon Communications Inc.(VZ)

Posted February 16, 2017

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.

According to sentiments of 22 analysts the mean estimates of short term price target for the company's stock is marked at $52.23. Daiwa SB Investments Ltd. now owns 3,130 shares of the cell phone carrier's stock valued at $163,000 after buying an additional 3,104 shares during the last quarter. Verizon Communications Inc. The stock touched its 52-Week High on Jul 5, 2016 and 52-Week Low on Nov 14, 2016. Legal & General Group Plc now owns 21,707,193 shares of the cell phone carrier's stock worth $1,211,948,000 after buying an additional 594,714 shares during the period. The company has Weekly Volatility of 0.88%% and Monthly Volatility of 1.24%%. Solaris Asset Management LLC purchased a new position in Verizon Communications during the third quarter worth about $125,000. Company insiders own 0.10% of the company's stock.

Taking a glance at past performance, we will examine different up or down moving trends about VZ. The Market Cap of the company stands at 2.19 Billion. Apple Inc. (NASDAQ:AAPL)'s distance from 20 day simple moving average is -3.02% whereas its distance from 50 day simple moving average is -5.59% along with -4.95% distance from 200 day simple moving average. The last close places the company's stock about $8.68 off its 52 week high of $56.95 and $2.26 above the 52 week low of $46.01.

Verizon Communications Last issued its quarterly earnings results on Jan 24, 2017. (NYSE:VZ)'s latest quarter, EPS moved to $0.86 from $1.01 in preceding quarter and revenues reached at $32,340.00M compared to $30,937.00M. The company now has a Return on Equity (ROE) of 64.90% and a Return on Investment (ROI) of 15.10%. The Company's year to date (YTD) performance is now negative at -8.08%. The insider owns 154,045 shares as of less than 0.1%, now worth $7545124.1. The business's quarterly revenue was down 5.6% on a year-over-year basis. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.95 to $1.05.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th were issued a $0.5775 dividend. The stock added 1.08% beyond one week and declined -7.84% during previous one month session. This represents a $2.31 annualized dividend and a dividend yield of 4.79%. Verizon Communications's dividend payout ratio (DPR) is presently 67.15%.

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AT&T Inc. (T) opened the session with a $40.47 price tag, later ranging from $40.41 to $40.78, the range at which the stock has traded at throughout the day.

VZ has been the subject of several research analyst reports. Citigroup Inc. raised Verizon Communications from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.25 to $53.38 in a research report on Tuesday, January 3rd.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.68 on the shares of Apple Inc. It has been assigned a low target price of $40 and a high target price of $61. These shares were downgraded to Mkt Perform from Outperform by Raymond James, according to news reported on Wednesday January 25, 2017.Another important research note was issued by RBC Capital Mkts on Wednesday January 25, 2017.The firm downgraded VZ to Sector Perform from Outperform. Finally, Goldman Sachs Group, Inc.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. 4 Wall Street Firms have rated the stock as a strong buys. Its EVP of PubPolicy & Gen Counsel SILLIMAN CRAIG L. sold 668 company shares for $32000.93, in a transaction on 2016-11-22. The shares were sold at an average price of $49.29, for a total value of $32,925.72. Following the transaction, the EVP of PubPolicy & Gen Counsel is left with a stake of 32.93 shares, now valued at $1613. The transaction was disclosed in a filing with the SEC, which is available through this link. The company's P/E is 0 and Forward P/E ratio is 42.95.