Economy

Analysts Showing Optimistic Trends For Verizon Communications Inc. (VZ)

Ascend Capital Ltd Liability stated it has 595,654 shares. The company holds 4.09 billion outstanding shares and 4.08 billion shares are floating in market. The stock declined 1.39% or $0.66 reaching $46.7 on the news. VSI's SI was 4.08 million shares in September as released by FINRA. It has underperformed by 74.40% the S&P500.

Estabrook Capital Management decreased Verizon Communications (VZ) stake by 10.52% reported in 2016Q4 SEC filing. Following the completion of the sale, the executive vice president now owns 8,429 shares in the company, valued at $379,305.

In case of Revenue Estimates, 20 analysts have provided their consensus Average Revenue Estimates for Verizon Communications Inc.as 31.28 Billion. About 955,490 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500. Samlyn Limited Liability owns 896,100 shares for 1.08% of their portfolio. The Estabrook Capital Management holds 308,521 shares with $16.47M value, down from 344,787 last quarter. Assetmark invested in 0.55% or 322,214 shares. Institutional investors own 62.33% of the company's stock. (NYSE:VZ) for 251,679 shares. The Texas-based Hbk Invs Lp has invested 0.6% in Johnson & Johnson (NYSE:JNJ). Schroder Mgmt holds 1.66 million shares. Morgan Stanley downgraded the shares of VSI in report on Tuesday, January 17 to "Underweight" rating. Rhumbline Advisers reported 0.92% stake. The stock's short float is around of 0.94% and short ratio is 2.72. (NYSE:VZ) for 4.08M shares. It also increased its holding in Select Sector Spdr Tr (XLP) by 13,215 shares in the quarter, for a total of 40,522 shares, and has risen its stake in Select Sector Spdr Tr (XLE). (NYSE:VZ) on Friday, July 28 with "Hold" rating. Therefore 45% are positive. Verizon Communications Inc. had 47 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital has "Overweight" rating and $115 target.

Several research firms have recently weighed in on VZ. The company presently has an average rating of "Hold" and a consensus target price of $52.73. The rating was maintained by Jefferies with "Hold" on Tuesday, March 15. FBR Capital maintained Verizon Communications Inc. The firm has "Hold" rating given on Friday, August 14 by Zacks. The rating was downgraded by RBC Capital Markets on Wednesday, January 25 to "Sector Perform". Finally, Vetr upgraded shares of Verizon Communications from a "hold" rating to a "buy" rating and set a $47.62 price objective for the company in a research note on Tuesday, May 23rd. 610 shares valued at $27,657 were sold by SILLIMAN CRAIG L. on Tuesday, May 30.

More notable recent Verizon Communications Inc. "(NYSE:VZ) Assisting Harvey Relief" published on August 30, 2017, Nasdaq.com published: "Verizon Communications (VZ) Restructures Unlimited Data Plans" on August 23, 2017. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move. Its down 0.12, from 1 in 2016Q3. It fall, as 60 investors sold VZ shares while 658 reduced holdings.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Of New Jersey Common Pension Fund D holds 0.93% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Manchester Cap Limited Co has invested 0.09% in Verizon Communications Inc. (NYSE:VZ). Farmers And Merchants accumulated 243,594 shares. Bridges Investment Counsel Incorporated reported 52,585 shares. Lsv Asset Management reported 13.10M shares. Bragg Advisors stated it has 0.97% of its portfolio in Verizon Communications Inc.

Verizon Communications Inc is a holding company. 71,813 are owned by Essex Financial Services Inc. Blb&B Advsrs Limited Liability holds 2% or 214,775 shares. Sterneck Cap Ltd Limited Liability Company has invested 3.48% in Verizon Communications Inc. Jfs Wealth Advisors Limited Liability Company reported 11,805 shares. Macquarie Group Ltd. raised its position in shares of Verizon Communications by 5.7% during the fourth quarter. Norges Bank bought a new position in Verizon Communications in the 4th quarter worth about $1,712,958,000. Macquarie Group Ltd. increased its stake in Verizon Communications by 2.1% in the 1st quarter. Out of 2 Wall Street analysts rating Rigel Pharma, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Therefore 25% are positive. Finally, Hexavest Inc. raised its position in shares of Verizon Communications by 22.3% during the first quarter.

Verizon Communications Inc. has a 52-week low of $42.80 and a 52-week high of $54.83. The company was maintained on Thursday, August 10 by Oppenheimer. On Thursday, April 21 the stock rating was initiated by Wedbush with "Outperform". The company was maintained on Friday, July 14 by Barclays Capital. The company's revenue for the quarter was up.1% compared to the same quarter past year. The rating was downgraded by Zacks on Monday, September 7 to "Hold". The company was downgraded on Thursday, April 7 by Jefferies.

ILLEGAL ACTIVITY NOTICE: "Verizon Communications Inc".



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