Verizon Communications (VZ) Receives Coverage Optimism Score of 0.12

News stories about Verizon Communications (NYSE:VZ) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Verizon Communications earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 45.6212495728047 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

VZ has been the subject of a number of recent research reports. Bank of America Corporation reiterated a “buy” rating on shares of Verizon Communications in a research report on Saturday, June 17th. Vetr upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $47.44 price objective for the company in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Verizon Communications in a research report on Wednesday, June 28th. Wells Fargo & Company reiterated a “market perform” rating on shares of Verizon Communications in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $50.00 price target on shares of Verizon Communications in a report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, five 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 “Hold” and an average target price of $52.86.

Verizon Communications (NYSE VZ) traded down 0.75% during trading on Friday, reaching $48.81. The stock has a market capitalization of $199.12 billion, a price-to-earnings ratio of 12.55 and a beta of 0.56. Verizon Communications has a 52 week low of $42.80 and a 52 week high of $54.83. The stock has a 50-day moving average of $48.39 and a 200-day moving average of $47.08. Verizon Communications also was the target of some unusual options trading on Thursday. Stock investors bought 87,567 call options on the company. This is an increase of approximately 524% compared to the average volume of 14,028 call options.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Thursday, July 27th. The cell phone carrier reported $0.96 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.96. The business had revenue of $30.55 billion for the quarter, compared to analyst estimates of $29.84 billion. Verizon Communications had a return on equity of 63.06% and a net margin of 12.88%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. Analysts forecast that Verizon Communications will post $3.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, October 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.84%. Verizon Communications’s dividend payout ratio is currently 59.23%.

In related news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $48.65, for a total transaction of $29,676.50. Following the completion of the sale, the executive vice president now owns 7,209 shares in the company, valued at approximately $350,717.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 1,830 shares of company stock worth $88,828. 0.13% of the stock is currently owned by insiders.

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About Verizon Communications

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.

Insider Buying and Selling by Quarter for Verizon Communications (NYSE:VZ)

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