The company had a trading volume of 9,988,839 shares. (NYSE:VZ). According to First Call, the consensus price target for the company is $54.17. Current price places the company’s stock 50.47% away from its 200-day simple moving average, 11.95%, away from the 50-day average and also 10.01% away from 20-day average. The stock stands almost -3.1% off versus the 52-week high and 292.19% away from the 52-week low. The last close places the company’s stock about $0.9 off its 52 week high of $14 and $9.3 above the 52 week low of $3.8. The cell phone carrier reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $30532.00 million for the quarter, compared to analysts expectations of $30968.11 million.
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Alcoa Inc (NYSE:AA) on August 24, 2016 announced that it has named Kate Hargrove Ramundo Executive Vice President, Chief Legal Officer and Corporate Secretary of the future Arconic Inc., a role which will take effect upon the Company’s separation later this year. During the same quarter a year ago, the firm posted $1.04 earnings per share. Vetr upgraded Verizon Communications from a buy rating to a strong-buy rating and set a $60.00 price objective on the stock in a research report on Thursday, August 18th.
The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were issued a dividend of $0.565 per share. On an annual basis, this increased Verizon’s dividend by $0.06 per share to $2.26 per share.
Company mean estimate for revenue for the ongoing quarter ending Sep 16 is $31.26B by 19 analysts. Continuous buying at higher levels pushed the stock towards an intraday high of $52.71. The count of Hold ratings in that period was 22.
The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. The stock has total market worth of $209.52B and it has total of 4.08B outstanding shares. The company stock was downgraded to Neutral from Buy, wrote analysts at Hilliard Lyons, in a research note issued to clients on Wednesday July 27, 2016.
Sell-side analyst recommendations point to a short term price target of $13.75 on the shares of American Midstream Partners, LP (AMID). Over the last 3 months and over the last 6 months, the shares of Verizon Communications Inc. They now have a Dollars 57 price target on the stock. In the matter of earnings surprises, it can have a huge impact on a company’s stock price. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Verizon Communications during the fourth quarter valued at $238,586,000. Drilling down, the stock is -3.09% for the past month and -0.38% for the week. 3 Months Ago, the stock has been rated as “Buy” from 5 Analysts. Finally, Retirement Design & Management Inc.
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Other Hedge Funds, Including, Great Lakes Advisors boosted its stake in VZ in the latest quarter, The investment management firm added 486 additional shares and now holds a total of 52,981 shares of Verizon Communications which is valued at $2,842,431. Penobscot Investment Management Company Inc. raised its stake in shares of Verizon Communications by 1.1% in the second quarter.
