How Analysts Feel About Verizon Communications Inc. (NYSE:VZ)?

August 9, 2018 - By Megan Stone

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment decreased to 0.97 in Q1 2018. Its down 0.05, from 1.02 in 2017Q4. It dropped, as 69 investors sold Verizon Communications Inc. shares while 675 reduced holdings. 132 funds opened positions while 593 raised stakes. 2.55 billion shares or 0.58% more from 2.54 billion shares in 2017Q4 were reported.
Martingale Asset Lp reported 0.27% in Verizon Communications Inc. (NYSE:VZ). Sg Americas Securities Limited has 786,157 shares for 0.3% of their portfolio. Quantum Mgmt stated it has 0.22% in Verizon Communications Inc. (NYSE:VZ). Ntv Asset Limited Co holds 0.89% in Verizon Communications Inc. (NYSE:VZ) or 65,656 shares. Prudential holds 0.84% or 11.51M shares in its portfolio. Rodgers Brothers reported 124,107 shares stake. Plante Moran Financial Advsrs Limited Liability accumulated 0.21% or 8,215 shares. Oregon-based Vision Capital Management has invested 1.28% in Verizon Communications Inc. (NYSE:VZ). Albert D Mason Incorporated reported 18,674 shares. Hbk Sorce Advisory Ltd stated it has 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Beaumont Ltd Com stated it has 0.06% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Markston Ltd Liability Co owns 5,050 shares for 0.03% of their portfolio. Van Strum And Towne has 22,790 shares. Argent holds 1.31% or 100,146 shares in its portfolio. Kentucky Retirement Systems Insurance Tru Fund invested in 0.89% or 94,502 shares.

Since February 13, 2018, it had 0 buys, and 2 insider sales for $444,552 activity.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 15 analysts covering Verizon (NYSE:VZ), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Verizon has $58 highest and $53 lowest target. $55.27’s average target is 4.88% above currents $52.7 stock price. Verizon had 15 analyst reports since February 28, 2018 according to SRatingsIntel. The rating was upgraded by UBS on Wednesday, April 25 to “Buy”. As per Wednesday, April 25, the company rating was upgraded by SunTrust. As per Friday, May 11, the company rating was upgraded by J.P. Morgan. The stock has “Neutral” rating by Robert W. Baird on Wednesday, July 25. Moffett Nathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, February 28 to “Buy” rating. Jefferies maintained it with “Hold” rating and $5700 target in Wednesday, April 25 report. Goldman Sachs upgraded the shares of VZ in report on Thursday, June 21 to “Buy” rating. As per Tuesday, June 19, the company rating was upgraded by Deutsche Bank. The firm has “Overweight” rating given on Monday, April 23 by Barclays Capital. The rating was maintained by Cowen & Co on Tuesday, April 24 with “Hold”. Below is a list of Verizon Communications Inc. (NYSE:VZ) latest ratings and price target changes.

25/07/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $52 New Target: $53 Maintain
11/07/2018 Broker: Credit Suisse Rating: Outperform New Target: $58 Initiates Coverage On
21/06/2018 Broker: Goldman Sachs Rating: Buy New Target: $56.0000 Upgrade
19/06/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Old Target: $49 Upgrade
08/06/2018 Broker: Wells Fargo Rating: Buy Maintain
11/05/2018 Broker: J.P. Morgan Rating: Buy New Target: $58.0000 Upgrade
11/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $58 Upgrade
25/04/2018 Broker: Jefferies Rating: Hold New Target: $57.0000 Maintain
25/04/2018 Broker: SunTrust Old Rating: Hold New Rating: Buy Old Target: $50 Upgrade
25/04/2018 Broker: UBS Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.46% or $0.24 during the last trading session, reaching $52.7. About 9.46 million shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since August 9, 2017 and is uptrending. It has underperformed by 5.49% the S&P500.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $217.75 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 6.99 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon: Only Good For The Dividend” on July 25, 2018, also Globenewswire.com with their article: “An open letter to our customers: thank you” published on July 19, 2018, Fool.com published: “Verizon’s Next-Gen Services Are Poised for Growth” on August 06, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Do Verizon Investors Know About This $300 Million Secret?” published on July 23, 2018 as well as Seekingalpha.com‘s news article titled: “Once In A Generation Dividend Hike Coming From Verizon” with publication date: August 06, 2018.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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