Media headlines about Verizon Communications (NYSE:VZ) have trended neutral on Tuesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Verizon Communications earned a media sentiment score of 0.25 on their scale. InfoTrie also gave news stories about the cell phone carrier an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Verizon Communications’ ranking:
Several equities analysts have commented on VZ shares. Zacks Investment Research upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, September 25th. Bank of America reiterated a “buy” rating and issued a $58.00 price objective on shares of Verizon Communications in a report on Monday, October 22nd. Barclays upped their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Verizon Communications from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 24th. Finally, ValuEngine upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Verizon Communications currently has an average rating of “Buy” and an average target price of $56.02.
VZ stock opened at $56.72 on Tuesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.93 and a current ratio of 0.97. Verizon Communications has a 52 week low of $46.08 and a 52 week high of $61.58. The stock has a market capitalization of $232.65 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 2.68 and a beta of 0.54.
Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.03. Verizon Communications had a net margin of 24.71% and a return on equity of 35.50%. The business had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $32.45 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Verizon Communications’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Verizon Communications will post 4.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be given a dividend of $0.6025 per share. The ex-dividend date is Wednesday, January 9th. This represents a $2.41 annualized dividend and a yield of 4.25%. Verizon Communications’s dividend payout ratio is 64.44%.
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About Verizon Communications
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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