Sentiment for Verizon Communications Inc (NYSE:VZ)
Verizon Communications Inc (NYSE:VZ) institutional sentiment increased to 1.09 in Q2 2018. Its up 0.12, from 0.97 in 2018Q1. The ratio has increased, as 749 investment professionals increased or opened new stock positions, while 686 cut down and sold their stock positions in Verizon Communications Inc. The investment professionals in our partner’s database now have: 2.56 billion shares, up from 2.55 billion shares in 2018Q1. Also, the number of investment professionals holding Verizon Communications Inc in their top 10 stock positions increased from 69 to 86 for an increase of 17. Sold All: 57 Reduced: 629 Increased: 609 New Position: 140.
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 $243.89 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 7.54 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.
The stock increased 0.62% or $0.37 during the last trading session, reaching $59.03. About 13.80 million shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.48% since November 14, 2017 and is uptrending. It has outperformed by 1.86% the S&P500.
American Investment Services Inc. holds 8.66% of its portfolio in Verizon Communications Inc. for 498,249 shares. 10 owns 660,156 shares or 7.46% of their US portfolio. Moreover, Cincinnati Indemnity Co has 7.06% invested in the company for 34,300 shares. The Massachusetts-based Excalibur Management Corp has invested 5.9% in the stock. Ci Global Investments Inc., a Ontario – Canada-based fund reported 7.16 million shares.
Verizon Communications Inc. (NYSE:VZ) Ratings Coverage
Ratings analysis reveals 63% of Verizon’s analysts are positive. Out of 8 Wall Street analysts rating Verizon, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $50 while the high is $62. The stock’s average target of $55.17 is -6.54% below today’s ($59.03) share price. VZ was included in 9 notes of analysts from June 8, 2018. The firm earned “Neutral” rating on Tuesday, September 4 by Moffett Nathanson. JP Morgan maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 24. JP Morgan has “Overweight” rating and $62 target. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, June 19 report. Goldman Sachs upgraded it to “Buy” rating and $5600 target in Thursday, June 21 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Wednesday, July 25 by Robert W. Baird. The firm earned “Equal-Weight” rating on Wednesday, October 24 by Barclays Capital. On Tuesday, September 4 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The firm earned “Buy” rating on Friday, June 8 by Wells Fargo.
More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon announces new organization structure” on November 05, 2018, also Seekingalpha.com with their article: “Buy Verizon While Dividend Yield Is Still Over 4%” published on November 08, 2018, Globenewswire.com published: “Verizon completes first 5G data transmission on a smartphone” on November 14, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Verizon Communications, Inc. (VZ) Presents at Morgan Stanley European Technology, Media & Telecom Broker …” published on November 14, 2018 as well as Globenewswire.com‘s news article titled: “Operation Convergent Response delivers technology in action for first responders” with publication date: November 13, 2018.