Verizon Communications Inc. (NYSE:VZ) registered a 0.98% increase, still its new closing price is 8.96% up from the company’s 1 year high of 55.16.It posted -5.92% losses in previous 5 sessions and is now the subject of 21 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 30 stock analysts following this company have an average price target at $52.19, with individual PT in the $45.00-$61.00 range. The shares moved at $49.60, implying that brokerage firms see shares gaining about 5.60% in twelve months time.
Verizon Communications Inc. (VZ) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -6.09% fall year to date. A EVP of PubPolicy & Gen Counsel at Verizon Communications Inc. (VZ) offloaded shares in a transaction closed on Tuesday November 22, 2016. SILLIMAN CRAIG L. sold 668 shares in the company at $49.29 each and collected $32,001 in proceeds. SILLIMAN CRAIG L. now owns 8,942 shares in the company after this transaction. A EVP of PubPolicy & Gen Counsel in the company, SILLIMAN CRAIG L., disclosed a transaction on Wednesday October 26, 2016 that ended up generating $32,000 from the sale of 672 shares at $47.76 per share.
Verizon Communications Inc. (NYSE:VZ) Upcoming Results on Tap
Verizon Communications Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.99 in that period. Sales during the quarter are predicted to arrive at $30.8 billion.
Earnings surprise history: Last quarter, the company posted approximately $32.34 billion in revenue and EPS of $0.86. The mean forecast was for $32.09 billion and $0.89 a share, respectively. One quarter earlier, revenue for the stock was at $30.94 billion, with earnings at $1.01/share.
Verizon Communications Inc. (VZ) Brokerage Update
Verizon Communications Inc. (VZ) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Raymond James, according to news reported on Wednesday January 25, 2017.Another important research note was issued by RBC Capital Mkts on Wednesday January 25, 2017.The firm downgraded VZ to Sector Perform from Outperform. Over the last six months and over the last three months, the shares of Verizon Communications Inc. (VZ), have changed -7.58% and 5.25%, respectively.