Barclays reissued a “hold” rating and issued a $51.00 target price (down from $52.00) on shares of Verizon Communications in a research report on Wednesday, July 22nd.
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Vetr upgraded shares of Verizon Communications (NYSE:VZ) from a hold rating to a buy ratingin a report published onTuesday morning, Marketbeat.com reports.
A wireless price war might be easing, says MoffettNathanson, which upgraded Verizon Communications (NYSE:VZ) to buy on valuation vs. AT&T (NYSE:T) and upside from mobile video services. There following, they can select from one of the four data packages: small ($30 per month for 1GB of data), medium ($45 for 3GB), large ($60 for 6GB) and x-large ($80 for 12GB).
Verizon Communications Inc. (Verizon) is a holding company. For the week, the shares have seen a change of 2.59% in the share price. Vetr now has $50.41 target price on the cell phone carrier’s stock. The company has a market cap of $194,543 million.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Tuesday, July 21st. Scotiabank cut their price target on Verizon Communications from $55.00 to $53.00 in a report on Wednesday, July 22nd.
The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. The business had revenue of $32.22 billion for the quarter, compared to the consensus estimate of $32.45 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, equities analysts forecast that Verizon Communications will post $3.95 EPS for the current fiscal year.
The telecom carrier advanced after announcing its 5.5% quarterly dividend for its mandatory convertible preferred stock, which will be payable on September 15. Investors of record on Friday, July 10th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 4.62%. The Ex-Dividend date, which is often the most important to investors, would be 2015-07-08.
This scenario is strikingly different from 2000 when Verizon saw its stock fall 11 percent as more than 80,000 workers walked out for more than two weeks, according to a Bloomberg report.
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