Verizon Communications Inc. (VZ) Analysts See $0.88 EPS

January 22, 2018 - By Adrian Mccoy

 Verizon Communications Inc. (VZ) Analysts See $0.88 EPS
Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 81 investors sold Verizon Communications Inc. shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported.
Cap Wealth Planning Ltd Llc accumulated 17,805 shares or 0.69% of the stock. Selway Asset Mgmt reported 1.34% stake. The Japan-based Mu Invests Co Limited has invested 0.05% in Verizon Communications Inc. (NYSE:VZ). Moreover, South State has 0.95% invested in Verizon Communications Inc. (NYSE:VZ) for 171,088 shares. Ntv Asset Mngmt Ltd Llc accumulated 68,364 shares or 0.98% of the stock. Sonata Cap Gp Inc holds 0.5% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 13,676 shares. Dumont Blake Invest Advsr Lc accumulated 15,800 shares. Credit Cap Ltd Limited Liability Company reported 1.09% stake. Birmingham Capital Mngmt Al owns 22,596 shares. Whalerock Point Prtnrs Ltd Limited Liability Company accumulated 0.76% or 43,446 shares. The Maryland-based Consulate has invested 0.31% in Verizon Communications Inc. (NYSE:VZ). Avalon Advsrs Ltd Liability invested 1.11% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Amf Pensionsforsakring invested 1.3% in Verizon Communications Inc. (NYSE:VZ). Loudon Invest Management Limited Liability Com owns 8,243 shares. Signaturefd Ltd Liability holds 18,241 shares.

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $89,365 activity.

Analysts expect Verizon Communications Inc. (NYSE:VZ) to report $0.88 EPS on January, 23.They anticipate $0.02 EPS change or 2.33 % from last quarter’s $0.86 EPS. VZ’s profit would be $3.59 billion giving it 14.75 P/E if the $0.88 EPS is correct. After having $0.98 EPS previously, Verizon Communications Inc.’s analysts see -10.20 % EPS growth. The stock increased 0.70% or $0.36 during the last trading session, reaching $51.91. About 23.76 million shares traded or 41.42% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 22, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. has $61.0 highest and $44 lowest target. $52.09’s average target is 0.35% above currents $51.91 stock price. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. Hilliard Lyons downgraded the stock to “Neutral” rating in Wednesday, July 27 report. HSBC downgraded Verizon Communications Inc. (NYSE:VZ) on Thursday, December 14 to “Hold” rating. Cowen & Co maintained the stock with “Hold” rating in Monday, September 18 report. The rating was downgraded by Jefferies on Thursday, April 7 to “Hold”. RBC Capital Markets maintained it with “Hold” rating and $4800 target in Friday, July 7 report. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Friday, May 26 with “Hold” rating. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, September 30. RBC Capital Markets has “Outperform” rating and $48 target. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 25. The rating was maintained by Bank of America on Friday, October 20 with “Buy”. Bernstein downgraded it to “Market Perform” rating and $55 target in Thursday, April 7 report.

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 $211.76 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 13.31 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: Wsj.com which released: “Verizon Expands Deal for NBA Games” on January 17, 2018, also Fool.com with their article: “Better Buy: Verizon Communications Inc. vs. Frontier Communications” published on January 02, 2018, Nasdaq.com published: “Verizon Communications Inc. (VZ) Ex-Dividend Date Scheduled for January 09, 2018” on January 08, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Investorplace.com and their article: “3 Reasons Verizon Communications Inc. Could Be a Winner in 2018” published on January 02, 2018 as well as Nasdaq.com‘s news article titled: “Verizon Communications (VZ) Q4 Earnings: What’s in Store?” with publication date: January 17, 2018.

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