Economy

Important Technical Indicators to Consider - Verizon Communications Inc. (NYSE: VZ)

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. 112 funds opened positions while 587 raised stakes. Carmike Cinemas had 13 analyst reports since July 27, 2015 according to SRatingsIntel. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in Verizon Communications by 0.3% in the 1st quarter. (NYSE:VZ) for 4,167 shares. Falcon Point Capital Llc, a California-based fund reported 671,770 shares. The stock has a market cap of $194.98 billion, a price-to-earnings ratio of 12.287 and a beta of 0.56. Cranbrook Wealth Mgmt Ltd Company stated it has 0.01% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 60,853 shares. The cell phone carrier reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The company has 4.08 Billion shares outstanding and 4.08 Billion shares were floated in market. During last 3 month period, -0.23% of total institutional ownership has changed in the company shares. Moreover, Bender Robert Associate has 0.16% invested in Verizon Communications Inc. Ls Advsrs Ltd Llc invested in 0.41% or 150,918 shares. Bernstein downgraded Verizon Communications Inc. Aperio Group, LLC now owns 1,498,406 shares worth $74,156,000.

Since May 1, 2017, it had 0 insider purchases, and 1 insider sale for $27,657 activity. Thrivent Financial For Lutherans has 1.59 million shares for 0.3% of their portfolio.

In other news, EVP Craig L. Silliman sold 610 shares of the firm's stock in a transaction on Wednesday, September 27th.

SunTrust Banks, Inc. reaffirmed a "hold" rating and issued a $50.00 target price on shares of Verizon Communications in a research report on Friday, October 20th. Nordea Investment Management Ab sold 134,333 shares as the company's stock declined 7.66% while stock markets rallied.

Valuation Ratios of Verizon Communications Inc. The stock declined 0.03% or $0.01 reaching $47.81 on the news. The stock exchanged hands with 24,557,011 numbers of shares compared to its average daily volume of 14.40M shares. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since October 31, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Lincluden Management Ltd decreased Magna Intl Inc (NYSE:MGA) stake by 91,070 shares to 39,895 valued at $1.90 million in 2017Q2. The total value of its holdings increased 8.3%.

More notable recent Verizon Communications Inc. (NYSE:VZ). Clean Yield Grp Inc holds 56,280 shares. "(VZ) Ex-Dividend Date Scheduled for October 06, 2017" on October 05, 2017, also Bloomberg.com with their article: "Verizon Buys Time as Unlimited Data Entices More Subscribers" published on October 19, 2017, Nasdaq.com published: "Arvest Trust Co Buys Rockwell Collins Inc, DowDuPont Inc, Verizon ..." on October 06, 2017. Punch And Associates Inv Mgmt Inc has 0.44% invested in Verizon Communications Inc. The insider now holds 17,856 shares of Verizon Communications Inc.

Analysts have given a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 23% are positive.

The highest price VZ stock touched in the last 12 month was $54.83 and the lowest price it hit in the same period was $42.8. Staley Advisers invested in 404,911 shares or 1.54% of the stock. Jefferies Group LLC restated a "hold" rating and set a $50.00 price objective on shares of Verizon Communications in a report on Monday, July 3rd. The firm earned "Sector Perform" rating on Wednesday, January 25 by RBC Capital Markets. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) earned "Outperform" rating by FBR Capital on Wednesday, October 21. The firm earned "Hold" rating on Monday, September 18 by Cowen & Co. The stock of Verizon Communications Inc. (NYSE:VZ) rating on Thursday, April 7. The stock has "Equal-Weight" rating by Barclays Capital on Monday, April 18. RBC Capital Markets maintained it with "Outperform" rating and $36 target in Tuesday, July 28 report. The rating was downgraded by Vetr on Tuesday, August 11 to "Buy". Capital Research Global Investors now owns 153,408,016 shares of the cell phone carrier's stock worth $6,851,202,000 after acquiring an additional 20,070,391 shares in the last quarter.



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