News stories about Verizon Communications (NYSE:VZ) have trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Verizon Communications earned a media sentiment score of 2.83 on their scale. InfoTrie also gave media headlines about the cell phone carrier an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Verizon Communications’ ranking:
- Samsung, Verizon launch first 5G phone, entry price is $1,300 [Star Tribune] (bloomberg.com)
- T-Mobile’s $26 billion deal for Sprint gets big boost after FCC chief gets behind it (finance.yahoo.com)
- T-Mobile Stock, Sprint Surge On FCC Merger Approval, While Dish Tumbles (finance.yahoo.com)
- Algonquin could ink deal with Verizon Wireless (nwherald.com)
- Video shows robber disarming officer, holding her at gunpoint in Texas Verizon store (kfyrtv.com)
A number of brokerages have recently commented on VZ. ValuEngine cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group restated a “buy” rating and set a $65.00 price objective on shares of Verizon Communications in a research report on Tuesday, April 23rd. Bank of America set a $64.00 price objective on shares of Verizon Communications and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada restated a “neutral” rating and set a $57.00 price objective on shares of Verizon Communications in a research report on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $57.76.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, April 23rd. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $32.13 billion for the quarter, compared to analysts’ expectations of $32.13 billion. Verizon Communications had a net margin of 12.20% and a return on equity of 35.40%. Verizon Communications’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. Analysts anticipate that Verizon Communications will post 4.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a dividend of $0.6025 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.41 annualized dividend and a dividend yield of 4.08%. Verizon Communications’s payout ratio is currently 51.17%.
In related news, EVP Craig L. Silliman sold 1,349 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $57.12, for a total value of $77,054.88. Following the sale, the executive vice president now directly owns 25,549 shares in the company, valued at approximately $1,459,358.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lowell C. Mcadam sold 285,988 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $56.72, for a total transaction of $16,221,239.36. Following the completion of the sale, the director now owns 362,932 shares in the company, valued at $20,585,503.04. The disclosure for this sale can be found here. Insiders have sold a total of 296,169 shares of company stock worth $16,805,577 over the last 90 days. Insiders own 0.03% of the company’s stock.
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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; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.
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