T-Mobile US (TMUS – Get Report) jumped Monday after declaring its quarterly dividend as well as potentially gaining investor favor as its rival Verizon Communications (VZ) announced plans to discontinue its phone discounts. (NYSE:VZ). As per the latest information, the brokerage house lowers the price target to $44 per share from a prior target of $45. The shares have been rated as hold from 14 Wall Street Analysts. The rating by the firm was issued on July 29, 2015.
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Verizon Communications (NYSE:VZ) was upgraded by Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Analyst Ratings.Net reports. In the meantime, The Company 2Q, 2015 results failed to impress with both the top and the bottom line missing the analysts estimation. 13 analysts have added the shares in their list of strong buys. 8 broker firms have advised hold.
Now the company Insiders own 0.01% of Verizon Communications Inc. During the past week, the shares have seen a change of -0.56% in the shares.The block trade data suggests an inflow of $142.11 million in upticks and an outflow of $31.67 million in downticks. During last 3 month period, -0.27% of total institutional ownership has changed in the company shares. Sell-side firms covering the company have a short-term price target of $52.5 on the equity. The total value of the transaction was worth $137,404. Finally, Oppenheimer restated a “buy” rating and issued a $54.00 target price on shares of Verizon Communications in a research report on Wednesday, July 22nd. The company has a market cap of $209,257 million and there are 6,151,000,000 shares in outstanding.
As of Thursday, Verizon halting the practice of signing up customers for service contracts, as they follow in the footsteps of T-Mobile, which made the same change a couple years ago. (NYSE:VZ) is $51.73 and the 52-week low is $45.09. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Year-to-Date the stock performance stands at 5.48%. Verizon’s Moreplans includes Everything Plan is $150, while T-Mobile charges $110 for a comparable plan. Through its subsidiaries, Verizon is engaged in delivering broadband and other wireless and wireline communications services to consumer, business, Government and wholesale customers.
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Instead of throttling specific users when they use too much data, Verizon says it now deploys video optimization technology on 3G and 4G “to transmit data more efficiently, ease capacity burdens on the network, primarily from video files, and improve the user experience with faster downloads and decreased Internet latency”. Verizon Wirelesss communications products and services include wireless voice and data services and equipment sales.
