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Amid competition, Verizon loses key customers for first time

21 April 2017, 01:51 | Melvin Schneider

News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications Inc. with MarketBeat.com's FREE daily email newsletter. (NYSE:VZ) traded -0.61% lower on the day. The number of shares now owned by investors are 4.08 bln. (VZ) in which Raymond James Downgrades Verizon Communications Inc. Verizon Communications had a return on equity of 72.75% and a net margin of 10.42%. At the end of the first quarter of 2017, Verizon had $4,307 million in cash and $116,546 million in long-term debts compared with $2,880 million and $108,078 million, respectively, at the end of 2016. Citigroup Inc reaffirmed a "buy" rating on shares of Verizon Communications in a report on Tuesday, January 24th. During the same period previous year, the company earned $1.06 EPS. Finally, Wells Fargo & Co downgraded shares of Verizon Communications from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $56.95 to $54.00 in a report on Monday, January 23rd.

When we have a peek on stock's historical trends we come to know that, the stock has climbed 0.39% in the past one week and plunged -1.87% during previous one month drive, the stock went down -6.61% during past quarter. Finally, Private Trust Co. Lowe fs LLC boosted its position in shares of Verizon Communications by 3.0% in the third quarter.

During last 3 month it remained at -5.56%. Verizon Communications Inc now has $197.15 billion valuation. (NYSE:VZ) in a research report sent to investors on Thursday morning. Verizon Communications has a one year low of $46.01 and a one year high of $56.95. (NYSE:VZ) is 49.48 whilst its 200 day moving average is 50.07. Verizon Communications also was the recipient of unusually large options trading activity on Tuesday. The stock has "Neutral" rating by Moffet Nathanson on Friday, April 1. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.89 by $0.03.

The company's expected revenue in the current quarter to be 30.57 Billion, seeing a projected current quarter growth of -7.5%, and per annum growth estimates over the next 5 year period of around 1.81%. VZ has increased their DPS from $1.62 to $2.31 in the past 11 years.

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Jefferies & Co reiterated John Wood Group PLC (ADR) (LON:WG) as 'Underperform'
The 52 week high John Wood Group PLC (ADR)'s shares have reached is 909 whilst the 52 week low for the company's shares is 592.5. The stock was purchased at an average price of GBX 625 ($7.76) per share, with a total value of £197,043.75 ($244,683.66).

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The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Monday, April 10th will be issued a $0.5775 dividend. The ex-dividend date is Thursday, April 6th. This represents a $2.31 dividend on an annualized basis and a dividend yield of 4.75%. Verizon Communications's dividend payout ratio is now 71.74%.

COPYRIGHT VIOLATION WARNING: This piece was published by BBNS and is the sole property of of BBNS. (NASDAQ:Z) is under coverage by number of analysts. (NYSE:VZ). Glenmede Trust Na holds 0.31% of its portfolio in Verizon Communications Inc.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. (NYSE:VZ), 6 have Buy rating, 0 Sell and 15 Hold. The price target according to the broker shows a possible increase of 0.37% from the current stock price of 48.82. Shares for $543,385 were sold by Gurnani Roger on Thursday, February 23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Anthony T. Skiadas sold 12,495 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was trading on below-average volume. Following the transaction, the senior vice president now owns 16,058 shares in the company, valued at $775,119.66. The disclosure for this sale can be found here.

Relative strength index (RSI-14) for Verizon Communications Inc. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company's Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, recovery, and application platforms; and business communications services.



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