Press coverage about Verizon Communications (NYSE:VZ) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verizon Communications earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the cell phone carrier an impact score of 45.7732224861078 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Will These Stocks Remain Hot? Applied Materials, Inc. (AMAT), Verizon Communications Inc. (VZ) – Market Movers (financialqz.com)
- 2 Factors That Might Make Verizon a Buy (finance.yahoo.com)
- NFL wraps up Verizon renewal, but details still to come (finance.yahoo.com)
- How Apple's iPhone X Could Make Big Telecom Companies Squirm (finance.yahoo.com)
- Wall Street on Charter: Analyst Ratings after 3Q17 Results (finance.yahoo.com)
Verizon Communications (NYSE:VZ) traded down $0.80 during mid-day trading on Tuesday, hitting $50.92. The company had a trading volume of 17,573,093 shares, compared to its average volume of 15,640,245. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market cap of $209,071.34, a price-to-earnings ratio of 13.67, a PEG ratio of 4.81 and a beta of 0.57. Verizon Communications has a 1-year low of $42.80 and a 1-year high of $54.83.
A number of equities research analysts have recently issued reports on VZ shares. Wells Fargo & Company upgraded Verizon Communications from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, November 20th. SunTrust Banks reiterated a “hold” rating and set a $50.00 price objective on shares of Verizon Communications in a research note on Friday, October 20th. Bank of America set a $52.00 price objective on Verizon Communications and gave the stock a “buy” rating in a research note on Friday, October 20th. Macquarie reiterated a “hold” rating and set a $52.00 price objective on shares of Verizon Communications in a research note on Sunday, October 22nd. Finally, ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Verizon Communications presently has a consensus rating of “Hold” and a consensus target price of $51.25.
In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.62, for a total value of $29,658.20. Following the transaction, the executive vice president now directly owns 5,989 shares of the company’s stock, valued at approximately $291,185.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 1,830 shares of company stock worth $88,609. Insiders own 0.13% of the company’s stock.
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About Verizon Communications
Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.
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