News headlines about Verizon Communications (NYSE:VZ) have been trending somewhat positive on Thursday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Verizon Communications earned a media sentiment score of 1.75 on their scale. InfoTrie also assigned media coverage about the cell phone carrier an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Verizon Communications’ analysis:
VZ stock opened at $57.08 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.90. The company has a market cap of $239.55 billion, a P/E ratio of 15.26, a P/E/G ratio of 3.02 and a beta of 0.54. Verizon Communications has a 52 week low of $46.08 and a 52 week high of $61.58.
Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $32.45 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Verizon Communications will post 4.67 earnings per share for the current year.
The business also recently announced 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. This represents a $2.41 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 64.44%.
A number of brokerages recently commented on VZ. Zacks Investment Research upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, September 25th. Bank of America reaffirmed a “buy” rating and issued a $58.00 target price on shares of Verizon Communications in a report on Monday, October 22nd. Barclays upped their target price 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. boosted their price target on shares of Verizon Communications from $59.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 24th. Finally, ValuEngine upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $56.02.
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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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