Analysts Set Verizon Communications (VZ) Target Price at $55.15

Legal & General Group Plc now owns 24,495,234 shares of the cell phone carrier's stock valued at $1,212,227,000 after buying an additional 636,014 shares in the last quarter. The shares were sold at an average price of $49.80, for a total transaction of $346,956.60. Schwab Charles Investment Management Inc. now owns 21,390,896 shares of the cell phone carrier's stock valued at $1,132,221,000 after purchasing an additional 1,250,691 shares during the last quarter. It has underperformed by 15.27% the S&P500. Qci Asset Inc Ny owns 1.7% invested in Verizon Communications Inc. That's change of 0.14, from 2017Q3's 0.88. The ratio has dropped, as 96 hedge funds increased or started new positions, while 83 cut down and sold their holdings in Anixter International Inc. For the next fiscal year, analysts anticipate that the company will report earnings of $4.67 per share, with EPS estimates ranging from $4.44 to $5.13.

Fagan Associates Inc, which manages about $226.97 million and $247.09M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 2,340 shares to 22,300 shares, valued at $3.85M in 2017Q4, according to the filing. Disney Walt Co (NYSE:DIS) was raised too.

More notable recent Verizon Communications Inc. (NYSE:VZ). Bowling Port Mgmt Limited Company holds 70,006 shares or 0.49% of its portfolio. Therefore 47% are positive. Clark Estates Ny reported 6.03% in Verizon Communications Inc. (NYSE:VZ) has "Hold" rating given on Wednesday, October 11 by KeyBanc Capital Markets. On Wednesday, February 28 the firm has "Buy" rating given by Moffett Nathanson. The company has a market capitalization of $200.70 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.95 and a beta of 0.62. On Wednesday, January 24 the rating was maintained by Jefferies with "Hold". (NYSE:VZ) by some 153,878,313 shares, 1,056 decreased positions by 120,055,945 and 153 held positions by 2,418,745,388. (NYSE:VZ) on Wednesday, January 25 to "Sector Perform" rating. In Friday, May 11 report JP Morgan upgraded the stock to "Overweight" rating. On Wednesday, December 6 the firm earned "Hold" rating by SunTrust. As per Tuesday, April 24, the company rating was maintained by Cowen & Co. Vetr downgraded it to "Buy" rating and $48.62 target in Tuesday, August 11 report. The firm has "Buy" rating given on Thursday, January 19 by HSBC.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. The ratio increased due to VZ positioning: 57 sold and 662 reduced. 592 grew holdings while 141 funds bought holdings. Waverton Investment Mgmt Ltd has 230,684 shares. Mckinley Carter Wealth reported 13,627 shares. Bontempo Ohly Limited Liability Co has invested 2.42% in Verizon Communications Inc. Wells Fargo upgraded the shares of VZ in report on Monday, November 20 to "Outperform" rating.

The shares of Xilinx, Inc. Texas Yale Capital holds 0.15% or 32,581 shares in its portfolio. At the moment, the company has a debt-to-equity ratio of 0.73, a current ratio of 9.10, and a quick ratio of 8.60. Banced stated it has 0.44% of its portfolio in Verizon Communications Inc.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, April 24th. Take a view on its long-term annual earnings per share (EPS) growth rate which is suggested by Analyst to reach at 1.19% for next 5 years and looking its past five year record, annual EPS growth rate was 36.90%. Bank of America maintained Verizon Communications Inc. (NYSE:VZ) earned "Buy" rating by SunTrust. Also, the number of investment professionals holding Village Super Market Inc in top ten holdings was flat from 0 to 0 for the same number. (NYSE:VZ) for 48,500 shares. (NYSE:VZ) for 524,649 shares. Exane Derivatives purchased a new position in shares of Verizon Communications in the 4th quarter valued at about $103,000. (NYSE:VZ) news were published by: Benzinga.com which released: "JPMorgan: Verizon On "Stable Footing" As 5G Opportunity Crystallizes" on May 11, 2018, also Globenewswire.com with their article: "NOTICE TO DISREGARD - Verizon Communications" published on May 12, 2018, Fool.com published: "Verizon Aims to Be Much More Than a Phone Company" on May 10, 2018. Davidson Investment Advisors boosted its position in shares of Verizon Communications by 26.8% in the fourth quarter. 27 are the (NYSE:VZ)'s ratings reports on 15 May 2018 according to StockzIntelligence Inc.

VZ registered $444,552 net activity with 0 insider buys and 2 sales since February 13, 2018.

In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 13th. First City Incorporated holds 40,306 shares or 1.45% of its portfolio. Deprince Race & Zollo Inc owns 373,606 shares or 0.19% of their United States portfolio. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value.

Related:

Comments

Latest news

Air France-KLM to be run by interim management committee
Air France staff have staged a series of one-day strikes which the airline said have cost it EUR€400 million (USD$473.2 million). Janaillac said Air France was "going through one of the most hard crises in its history".

Iran's Zarif says talks with European Union talks off to a 'good start'
For the world, it will mean further division between the US and the European Union and further global imperialist competition. The announcement triggered USA plans to reimpose sanctions on the Islamic Republic within roughly three to six months.

Storm causes havoc during New York City evening commute
Wednesday morning, the city and its transit systems had mostly rebounded from the storm, but Metro-North still had delays. Damage also remains across the area, and people and drivers are warned to stay away from downed wires.

California Leaders Opposed to Sanctuary Law Meet with Trump
The president also took aim at Mexico, savaging the United States' ally and southern neighbor as unhelpful on immigration. In addition to criticizing the Oakland mayor, President Trump blamed democrats and Gov. "We need help Mr.

Uzbek President to Meet With Trump
Background: On the security front, Uzbekistan plays a crucial role in Afghanistan and has been actively involved in negotiations with the Afghan government and the Taliban.

Other news