Verizon Communications (NYSE:VZ) Rating Lowered to “Hold” at Dbs Bank

Verizon Communications (NYSE:VZGet Free Report) was downgraded by investment analysts at Dbs Bank from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on VZ. Barclays upped their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Citigroup upped their price target on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Royal Bank Of Canada increased their price target on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.56.

Read Our Latest Stock Report on Verizon Communications

Verizon Communications Price Performance

Verizon Communications stock opened at $47.98 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $49.10 and a 200 day moving average price of $43.57. Verizon Communications has a 12-month low of $38.39 and a 12-month high of $51.68. The stock has a market cap of $202.38 billion, a P/E ratio of 11.85, a PEG ratio of 2.07 and a beta of 0.29.

Verizon Communications (NYSE:VZGet Free Report) last posted its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The company had revenue of $36.38 billion for the quarter, compared to analyst estimates of $36.20 billion. During the same period in the previous year, the business posted $1.10 EPS. Verizon Communications’s revenue was up 2.0% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Sell-side analysts anticipate that Verizon Communications will post 4.69 earnings per share for the current year.

Insider Activity

In related news, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the transaction, the director directly owned 145,069 shares in the company, valued at $7,196,873.09. This trade represents a 57.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 218,148 shares of company stock valued at $10,780,356. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Verizon Communications

Several hedge funds have recently made changes to their positions in the business. Old North State Trust LLC increased its stake in Verizon Communications by 1.7% during the 4th quarter. Old North State Trust LLC now owns 46,962 shares of the cell phone carrier’s stock worth $1,913,000 after buying an additional 770 shares during the period. Purpose Unlimited Inc. acquired a new stake in Verizon Communications during the 4th quarter worth approximately $154,000. Cornerstone Planning LLC purchased a new position in Verizon Communications in the 4th quarter valued at approximately $2,807,000. Rockefeller Capital Management L.P. boosted its position in Verizon Communications by 31.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,693,602 shares of the cell phone carrier’s stock valued at $109,710,000 after buying an additional 647,230 shares during the period. Finally, World Investment Advisors grew its stake in shares of Verizon Communications by 23.9% in the fourth quarter. World Investment Advisors now owns 466,396 shares of the cell phone carrier’s stock worth $18,996,000 after acquiring an additional 89,826 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

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About Verizon Communications

(Get Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

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Analyst Recommendations for Verizon Communications (NYSE:VZ)

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