News stories about Verizon Communications (NYSE:VZ) have been trending somewhat positive on Monday, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Verizon Communications earned a media sentiment score of 1.38 on their scale. InfoTrie also assigned media stories about the cell phone carrier an news buzz score of 9 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Verizon Communications’ analysis:
- Verizon Communications Inc. (VZ) Short Interest Update (americanbankingnews.com)
- Paywall for HuffPost? Verizon Hunt for Web Revenue Goes Beyond Ads (wsj.com)
- Verizon offering free calling, text and data for customers impacted by Alaska earthquake (finance.yahoo.com)
- [$$] Paywall for HuffPost? Verizon Hunt for Web Revenue Goes Beyond Ads (finance.yahoo.com)
- Verizon plans new cell tower along Main Street in Frisco (summitdaily.com)
Shares of NYSE VZ opened at $60.30 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.90. Verizon Communications has a one year low of $46.08 and a one year high of $61.58. The stock has a market capitalization of $248.92 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.62 and a beta of 0.46.
Verizon Communications (NYSE:VZ) last issued its earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 35.50% and a net margin of 24.71%. The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $32.45 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Verizon Communications will post 4.68 EPS for the current fiscal year.
VZ has been the topic of a number of research reports. Bank of America reissued a “buy” rating and issued a $58.00 price objective on shares of Verizon Communications in a research note on Monday, October 22nd. Zacks Investment Research downgraded Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine lowered Verizon Communications from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Scotiabank set a $62.00 target price on Verizon Communications and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on Verizon Communications from $59.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 24th. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.22.
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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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