Verizon Communications (VZ) Earns Media Sentiment Rating of -0.03

Headlines about Verizon Communications (NYSE:VZ) have been trending somewhat negative this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news coverage about the cell phone carrier an impact score of 42.146548054613 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern’s rankings:

NYSE VZ opened at $54.85 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 2.04. The firm has a market cap of $226.13 billion, a P/E ratio of 14.67, a PEG ratio of 1.99 and a beta of 0.70. Verizon Communications has a 1 year low of $43.97 and a 1 year high of $55.21.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, July 24th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The business had revenue of $32.20 billion during the quarter, compared to the consensus estimate of $31.78 billion. Verizon Communications had a net margin of 23.88% and a return on equity of 38.62%. Verizon Communications’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. equities research analysts expect that Verizon Communications will post 4.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Investors of record on Tuesday, July 10th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Monday, July 9th. Verizon Communications’s dividend payout ratio is currently 63.10%.

VZ has been the subject of several recent research reports. Deutsche Bank raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, June 19th. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Wednesday, August 1st. Goldman Sachs Group raised shares of Verizon Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $56.00 in a research report on Thursday, June 21st. Scotiabank set a $61.00 target price on shares of Verizon Communications and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. raised shares of Verizon Communications from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Friday, May 11th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.42.

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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