Is Verizon Communications Inc. (VZ) Hold Now?

Verizon is seen at a retail store in San Diego California

Verizon is seen at a retail store in San Diego California

Zacks upgraded Verizon Communications Inc.

It doesn't help that Verizon said in Thursday's earnings report that AOL's revenues fell 4 percent in the first quarter. Analysts surveyed by Zacks Investment Research called for earnings of 98 cents per share. The carrier reported a 57% year-over-year growth in LTE traffic.

It's only thanks to Verizon's launch of unlimited plans that the bloodshed isn't worse. The cell phone carrier reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.03.

Verizon Wireless lost 398,000 retail postpaid phone subscribers in the first six weeks of 2017.

The company is expected to report earnings of $0.97 a share for the next quarter. The count of Hold ratings in that period was 2. (NYSE:VZ) stock may see increased volatility following the report. Verizon is also lagging key rival AT&T - although Ma Bell's shares are down 5 percent in 2017. This research may also include estimates and ratings in the reports.

Verizon Communications Inc.'s P/B is valued at 8.81 exhibiting the investor sentiment on the value of the stock to its actual value. A "Buy" rating does not mean that every investor should acquire the stock. Price Target plays a critical role when it comes to the analysis of a Stock. If you are reading this piece on another website, it was stolen and reposted in violation of USA & global copyright and trademark law. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and worldwide copyright legislation. (VZ) in which Raymond James Downgrades Verizon Communications Inc. Verizon Communications Inc. has $55 highest and $44 lowest target.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The firm has a market capitalization of $198.21 billion, a PE ratio of 15.15 and a beta of 0.43.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 1st. New England Private Wealth Advisors Ltd Liability invested in 0.55% or 29,451 shares. This represents a $2.31 annualized dividend and a yield of 4.73%. The ex-dividend date is Thursday, April 6th. Verizon Communications's payout ratio is 71.74%. The most recent short interest data show 0.69% of the company's stock are short sold. The shares were sold at an average price of $49.66, for a total value of $30,292.60. Following the completion of the sale, the senior vice president now directly owns 16,058 shares in the company, valued at approximately $775,119.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst recommendation for this stock stands at 2.70.

In related news, EVP Craig L. Silliman sold 610 shares of the company's stock in a transaction on Monday, March 27th. The disclosure for this sale can be found here.

During last 5 trades the stock sticks nearly 1.40%.

ATR value of company was 0.53.

It looks like Paul Marcarelli - the guy who used to say "Can you hear me now?" for Verizon but became a Sprint pitchman previous year - isn't the only one who's left Verizon lately. This is a positive change from Verizon Communications's previous quarterly dividend of $0.01.

Shares of the company fell 1.7 percent to $48.10 in premarket trading. The stock decreased 0.61% or $0.3 on April 13, reaching $48.62. The standard deviation of all the estimates is now $3.76. Institutional investors own 63.38% of the company's stock. Finally, Price T Rowe Associates Inc.

The wireless carrier reported its first quarter results today, and the news wasn't encouraging. Price T Rowe Associates Inc. Community Bank N.A. now owns 138,955 shares of the cell phone carrier's stock worth $7,221,000 after buying an additional 4,166 shares in the last quarter. The analysts offering Earnings Estimates for the company were believing that Verizon Communications Inc.

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