News stories about Verizon Communications (NYSE:VZ) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the cell phone carrier an impact score of 45.1845967826484 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Despite Myriad Concerns, Verizon Looks Cheap – Seeking Alpha (seekingalpha.com)
- Tenable CEO doesn’t think much of the Equifax, Yahoo cyber breach explanations (finance.yahoo.com)
- What Investors Need to Know About Investing in Low PE Stocks (finance.yahoo.com)
- Oath unveils RYOT Studio as its global creative studio for brands and agencies — Singapore studio launched to meet Southeast Asian needs (finance.yahoo.com)
- Verizon Communications Inc. (VZ) Expected to Post Earnings of $0.88 Per Share (americanbankingnews.com)
Shares of Verizon Communications (VZ) opened at $44.60 on Tuesday. Verizon Communications has a one year low of $42.80 and a one year high of $54.83. The stock has a market cap of $183,085.31, a PE ratio of 11.97, a P/E/G ratio of 4.22 and a beta of 0.55. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.02 and a current ratio of 1.07.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The company had revenue of $31.70 billion during the quarter, compared to analysts’ expectations of $31.45 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Verizon Communications’s revenue was up 2.5% compared to the same quarter last year. equities analysts expect that Verizon Communications will post 3.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.29%. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, October 6th. Verizon Communications’s payout ratio is presently 60.51%.
A number of equities analysts have recently commented on VZ shares. Cowen and Company reaffirmed a “hold” rating and set a $49.00 target price on shares of Verizon Communications in a research report on Wednesday, July 19th. Royal Bank Of Canada raised their target price on shares of Verizon Communications from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. BidaskClub raised shares of Verizon Communications from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet raised shares of Verizon Communications from a “c+” rating to a “b-” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $49.00 target price on shares of Verizon Communications in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $52.75.
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In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $49.23, for a total value of $30,030.30. Following the transaction, the executive vice president now directly owns 6,599 shares in the company, valued at approximately $324,868.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,830 shares of company stock worth $89,365 over the last quarter. 0.13% of the stock is currently owned by company insiders.
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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