The cell phone carrier reported $0.98 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.98. Finally, Wells Fargo & Company restated a "buy" rating on shares of Verizon Communications in a research note on Monday, March 28th.
Revenue from the wireless business, Verizon's largest, fell 2.4% to $21.58 billion, as the switch to unlimited plans continued to weigh on service revenue. Robert W. Baird reaffirmed a hold rating and set a $49.00 price objective on shares of Verizon Communications in a research note on Wednesday, October 4th. Overall, 20.38 Million shares exchanged hands versus its average trading volume of 14.5 Million shares. Goodwin Daniel L acquired 21,000 shares as Verizon Communications Inc (VZ)'s stock declined 7.66%. It has underperformed by 25.18% the S&P500. Baker Charles had sold 12,176 shares worth $343,728. Hugh Johnson Advisors Llc sold 46,444 shares as the company's stock declined 7.66% while stock markets rallied. The company had 115.3 million total wireless retail connections, up from 113.7 million the same quarter past year and 114.5 million in the second quarter. The stock increased 0.21% or $0.1 on October 20, reaching $48.1. The stock was sold at an average price of $47.76, for a total transaction of $32,094.72. (LANC) has risen 2.30% since October 20, 2016 and is uptrending. It has outperformed by 11.32% the S&P500. (NASDAQ:LANC) to report earnings on October, 26. About 1.15 million shares traded. DDD's profit will be $6.78 million for 48.29 P/E if the $0.06 EPS becomes a reality. After $0.68 actual earnings per share reported by First Financial Corp for the previous quarter, Wall Street now forecasts 4.41% EPS growth. Comparatively, Verizon Communications Inc. posted earnings of $0.97 per share in the same quarter a year ago.
Investors sentiment decreased to 0.88 in Q2 2017. Its up 0.12, from 1.29 in 2017Q1. It dropped, as 90 investors sold VZ shares while 700 reduced holdings.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Iron Limited Company holds 0.27% of its portfolio in Verizon Communications Inc. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/20/verizon-communications-inc-vz-price-target-raised-to-52-00.html. West Virginia-based Wesbanco Bank has invested 0.69% in Verizon Communications Inc. (NYSE:VZ). Bryn Mawr Tru Co holds 402,870 shares. Ct Mason stated it has 83,423 shares. Sterneck Capital Management Ltd reported 115,896 shares stake. Paragon Capital Management Limited Liability Corp has 0.09% invested in Verizon Communications Inc. Southpoint Capital Advsr Ltd Partnership holds 2.20 million shares. Boyd Watterson Asset Management LLC OH's holdings in Verizon Communications were worth $919,000 as of its most recent SEC filing. (NYSE VZ) traded up 1.81% on Thursday, hitting $49.53. Cls Investments Limited Com has 2 shares for 0% of their portfolio. 6,628 are owned by Paragon Capital Mngmt Ltd Liability Com. Private Wealth Advisors Inc reported 1.6% in Verizon Communications Inc. (NYSE:VZ) were released by: Nasdaq.com and their article: "Arvest Trust Co Buys Rockwell Collins Inc, DowDuPont Inc, Verizon ..." published on October 06, 2017 as well as Nasdaq.com's news article titled: "Verizon Communications Inc". (NYSE:VZ). Shufro Rose & Ltd Co owns 14,559 shares. (NYSE:VZ) or 180,977 shares. Fulton Bank N.A. now owns 132,672 shares of the cell phone carrier's stock valued at $6,566,000 after buying an additional 2,655 shares in the last quarter. After this sale, 11,488 common shares of VZ are directly owned by the insider, with total stake valued at $565,324.
Verizon's earnings per share (EPS) was 89 cents, whereas its adjusted EPS, excluding special items, was 98 cents, however this is compared to $1.01 in 2016. (NYSE:VZ) news were published by: Bloomberg.com which released: "Verizon Is Eyeing Spring for the Start of Delayed Online TV Service" on October 18, 2017, also Valuewalk.com with their article: "Verizon Communications Inc". Independent Invsts stated it has 0.61% of its portfolio in Verizon Communications Inc.
During the quarter Verizon, which is the new parent company of Yahoo, said that a massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts.
Ao Asset Management Llc increased Fortinet Inc (FTNT) stake by 87% reported in 2017Q2 SEC filing. The ex-dividend date is Friday, January 6th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Therefore 23% are positive. (NYSE:VZ) has "Hold" rating given on Tuesday, July 18 by Cowen & Co. KeyCorp reissued a "hold" rating on shares of Verizon Communications in a report on Wednesday, October 11th. (NYSE:VZ) has "Hold" rating given on Sunday, September 17 by RBC Capital Markets. Finally, Lowe fs LLC boosted its stake in shares of Verizon Communications by 0.8% in the second quarter. (NYSE:VZ) rating on Friday, July 28. The firm earned "Neutral" rating on Friday, July 8 by Wedbush. RBC Capital Markets maintained Fortinet Inc (NASDAQ:FTNT) rating on Wednesday, October 12.