Verizon Communications Inc. Com (NYSE:VZ):
Verizon Communications to report earnings October 20.
The company is so far trading down since yesterday’s close of $48.54.
The company also declared a dividend that will be paid on Tue Nov 1, 2016. The dividend payment will be $0.578 per share for the quarter which is $2.31 annualized. The dividend yield will be $4.83. The ex-dividend date will be on Wednesday October 5th, 2016.
The stock last traded at $48.21 just a bit lower than $50.68, the 50 day moving average and which is just under the 200 day moving average of $52.31. The 50 day moving average went down by -4.88% and the 200 day average went down $-4.10 or -7.84%.
The P/E ratio is currently 14.05 and market capitalization is 196.53B. As of the last earnings report the EPS was $4.37 and is expected to be $3.90 for the current year with 4,076,634,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.02 and the next full year EPS is projected to be $4.01.
Several ratings analysts have weighed in on VZ of late. On October 24 the company was upgraded from “Hold” to “Buy” by analysts at Drexel Hamilton. On July 27 the company was set at “Neutral” in a report from Hilliard Lyons down from the previous “” rating.
On July 20, 2016 the stock rating was changed to a “Perform” by Oppenheimer which was a cut from the previous “Outperform” rating. April 18 investment analysts at Barclays maintained a company rating of “Equal-weight” and raised the price target to $52.00 from $51.00.
On April 7 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $55.00 was set by Bernstein. On April 7 the company was downgraded to “Hold” from “Buy” in a report from Jefferies.