Stock Traders Purchase High Volume of Verizon Communications Call Options (VZ)
Verizon Communications (NYSE:VZ) saw unusually large options trading activity on Tuesday. Stock investors acquired 192,948 call options on the stock, Analyst Ratings Network reports. This is an increase of approximately 774% compared to the average daily volume of 22,074 call options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Verizon Communications in a research note to investors on Tuesday, December 24th. Separately, analysts at Jefferies Group initiated coverage on shares of Verizon Communications in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $55.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Verizon Communications from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.44.
Shares of Verizon Communications (NYSE:VZ) traded up 1.25% on Tuesday, hitting $49.30. The stock had a trading volume of 17,486,978 shares. Verizon Communications has a 1-year low of $41.50 and a 1-year high of $54.31. The stock has a 50-day moving average of $49.18 and a 200-day moving average of $49.04. The company has a market cap of $141.1 billion and a P/E ratio of 63.40.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $30.28 billion for the quarter, compared to the consensus estimate of $30.17 billion. During the same quarter last year, the company posted $0.64 earnings per share. Verizon Communications’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Verizon Communications will post $2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of 0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, January 8th.
Verizon Communications Inc (NYSE:VZ) is a holding company.
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