News articles about Verizon Communications (NYSE:VZ) have been trending somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verizon Communications earned a media sentiment score of 1.30 on their scale. InfoTrie also assigned media headlines about the cell phone carrier an news buzz score of 2 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Verizon Communications’ ranking:
- Verizon Wireless customers experiencing issues calling 911 in several areas, including Bladen and Columbus counties (wect.com)
- Super Bowl set streaming records (finance.yahoo.com)
- AT&T replacing Verizon as official NBA wireless sponsor (finance.yahoo.com)
- 3 Big Stock Charts for Tuesday: Broadcom, Kinder Morgan and Verizon Communications (investorplace.com)
- Which Super Bowl advertisers won the digital game? Verizon, Bud Light, Pepsi (marketingland.com)
VZ has been the subject of several recent research reports. ValuEngine upgraded Verizon Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. JPMorgan Chase & Co. increased their price target on Verizon Communications from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Tigress Financial reiterated a “hold” rating on shares of Verizon Communications in a report on Friday, December 28th. Morgan Stanley increased their price target on Verizon Communications from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, October 29th. Finally, Barclays increased their price target on Verizon Communications from $50.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 24th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $55.90.
NYSE:VZ opened at $54.14 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market capitalization of $223.07 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.88 and a beta of 0.48. Verizon Communications has a 1-year low of $46.08 and a 1-year high of $61.58.
Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, January 29th. The cell phone carrier reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $34.28 billion during the quarter, compared to analysts’ expectations of $34.45 billion. Verizon Communications had a net margin of 11.87% and a return on equity of 35.96%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. As a group, sell-side analysts expect that Verizon Communications will post 4.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Thursday, January 10th were given a dividend of $0.6025 per share. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $2.41 annualized dividend and a dividend yield of 4.45%. Verizon Communications’s payout ratio is 51.17%.
Verizon Communications Company Profile
Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.
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