Somewhat Favorable News Coverage Somewhat Unlikely to Impact Verizon Communications (VZ) Stock Price
News stories about Verizon Communications (NYSE:VZ) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verizon Communications earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the cell phone carrier an impact score of 45.3521421798184 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Verizon Communications Inc. (VZ) Dividend Stock Analysis (dividend-growth-stocks.com)
- The Verizon Communications Inc. (NYSE:VZ) Shares Bought by Ronna Sue Cohen (footballhebdo.com)
- Verizon Wireless Group President Ronan Dunne to speak at Oppenheimer investor event Aug. 9 (finance.yahoo.com)
- What Does Verizon’s Current Valuation Indicate? (finance.yahoo.com)
- Verizon Continues to Focus on Network Densification (finance.yahoo.com)
Several analysts recently commented on the company. Bank of America Corporation reaffirmed a “buy” rating on shares of Verizon Communications in a research note on Saturday, June 17th. Zacks Investment Research downgraded Verizon Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Moffett Nathanson raised Verizon Communications from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 price target on shares of Verizon Communications in a research note on Thursday, May 25th. Finally, ValuEngine downgraded Verizon Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.73.
Verizon Communications (VZ) traded down 0.78% during trading on Wednesday, reaching $48.22. The company had a trading volume of 18,887,110 shares. Verizon Communications has a one year low of $42.80 and a one year high of $54.83. The company has a 50-day moving average price of $45.22 and a 200 day moving average price of $47.48. The company has a market capitalization of $196.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.56.
Verizon Communications (NYSE:VZ) last released its earnings results on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.96. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%. The firm had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $29.84 billion. During the same period in the prior year, the firm earned $0.94 EPS. The company’s revenue was up .1% compared to the same quarter last year. Analysts expect that Verizon Communications will post $3.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Thursday, July 6th. Verizon Communications’s dividend payout ratio is currently 59.23%.
In other news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.74, for a total transaction of $29,121.40. Following the completion of the transaction, the executive vice president now directly owns 7,819 shares of the company’s stock, valued at approximately $373,279.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,830 shares of company stock valued at $84,229 over the last three months. Insiders own 0.13% of the company’s stock.
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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