Verizon Communications Inc. Com (NYSE:VZ):
Verizon invests in content discovery, recommendation and experience with acquisition of Vessel’s technology.
The company is trading down by -0.68% since yesterday’s close of $48.54.
Verizon Communications Inc. Com also recently announced a dividend for shareholders which will be paid on Tuesday the 1st of November 2016. The dividend will be $0.578 per share for the quarter which comes to $2.31 on an annualized basis. This dividend amount will represent a yeild of $4.83. The ex-dividend date will be Wednesday the 5th of October 2016.
The stock last traded at $48.21 marginally under $50.68, the 50 day moving average and which is just a bit below the 200 day moving average of $52.31. The 50 day moving average moved down $-2.47 whereas the 200 day average was down by -7.84%.
The P/E ratio is 14.05 and the market value is 196.53B. In 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 currently outstanding. Next quarter’s EPS is expected be $1.02 and the next full year EPS is projected to be $4.01.
Analysts have provided guidance on Verizon Communications Inc. Com. On October 24 the company was changed to a “Buy” according to a Drexel Hamilton report a boost from the previous “Hold” rating. On July 27 the stock rating was downgraded from “” to “Neutral” in a report from Hilliard Lyons.
On July 20 the company was downgraded to “Perform” from “Outperform” by Oppenheimer. April 18 investment analysts at Barclays left the stock rating at “Equal-weight” but raised the price target to $52.00 from $51.00.
On April 7 the company was downgraded to “Market Perform” from “Outperform” and a price target of $55.00 was set in a statement from Bernstein. On April 7, 2016 the stock rating was set at “Hold” in a report from Jefferies which was a cut from the previous “Buy” rating.