Analysts’ Recent Ratings Changes for Verizon Communications (VZ)

Verizon Communications (NYSE: VZ) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Verizon Communications was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $54.80 price target on the stock.
  • 1/24/2018 – Verizon Communications had its price target raised by analysts at Nomura from $61.00 to $63.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – Verizon Communications had its price target raised by analysts at JPMorgan Chase & Co. from $52.00 to $58.00. They now have a “neutral” rating on the stock.
  • 1/24/2018 – Verizon Communications had its price target raised by analysts at Bank of America Corp from $55.00 to $58.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – Verizon Communications had its price target raised by analysts at SunTrust Banks, Inc. to $58.00. They now have a “hold” rating on the stock.
  • 1/24/2018 – Verizon Communications had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $54.00 price target on the stock.
  • 1/22/2018 – Verizon Communications was upgraded by analysts at Scotiabank from a “sector perform” rating to a “buy” rating. They now have a $60.00 price target on the stock.
  • 1/22/2018 – Verizon Communications was upgraded by analysts at Howard Weil from a “sector perform” rating to a “sector outperform” rating.
  • 1/22/2018 – Verizon Communications was upgraded by analysts at Scotia Howard Weill from a “sector perform” rating to a “sector outperform” rating.
  • 1/16/2018 – Verizon Communications was downgraded by analysts at Moffett Nathanson from a “buy” rating to a “neutral” rating.
  • 1/2/2018 – Verizon Communications had its price target raised by analysts at KeyCorp from $50.00 to $53.00. They now have a “sector weight” rating on the stock.
  • 12/14/2017 – Verizon Communications was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $42.80 price target on the stock, down previously from $54.83. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of Verizon Communications Inc. (NYSE:VZ) opened at $49.88 on Monday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.91 and a quick ratio of 0.87. Verizon Communications Inc. has a 1 year low of $42.80 and a 1 year high of $54.77. The company has a market cap of $203,480.00, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The company had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts expect that Verizon Communications Inc. will post 4.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Tuesday, January 9th. Verizon Communications’s payout ratio is 32.07%.

In other news, EVP Craig L. Silliman sold 610 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the completion of the sale, the executive vice president now owns 3,269 shares of the company’s stock, valued at approximately $154,983.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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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