How Analysts Feel About Verizon Communications Inc (NYSE:VZ) After Increase in Sellers?

June 14, 2018 - By Alfred Lee

Verizon Communications Inc. (NYSE:VZ) Logo

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.05, from 1.02 in 2017Q4. It is negative, as 69 investors sold Verizon Communications Inc. shares while 675 reduced holdings. 132 funds opened positions while 593 raised stakes. 2.55 billion shares or 0.58% more from 2.54 billion shares in 2017Q4 were reported.
Amica Mutual Insur holds 170,565 shares or 1.02% of its portfolio. Moreover, Greenwich Wealth Mgmt Limited Company has 0.26% invested in Verizon Communications Inc. (NYSE:VZ) for 35,128 shares. Fincl Bank Of The West invested 0.9% in Verizon Communications Inc. (NYSE:VZ). 13,497 are owned by Fairfield Bush &. Martin Tn owns 32,589 shares. Quaker Capital Investments Limited Liability Co owns 39,946 shares for 0.67% of their portfolio. Beaumont Partners Ltd Llc holds 0.06% in Verizon Communications Inc. (NYSE:VZ) or 11,413 shares. Security National Bank & Trust Of Sioux City Iowa Ia invested 1.6% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Citigroup has 0.16% invested in Verizon Communications Inc. (NYSE:VZ) for 3.98M shares. Greenleaf Tru reported 0.03% stake. Cypress Management Ltd Limited Liability Company reported 158,158 shares stake. Central Bank And holds 0.14% or 12,003 shares. Bowling Port Lc stated it has 44,484 shares. Salem Capital Management, Massachusetts-based fund reported 83,725 shares. Moreover, First Bankshares has 0.34% invested in Verizon Communications Inc. (NYSE:VZ).

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $444,552 activity.

The stock of Verizon Communications Inc (NYSE:VZ) registered an increase of 2.33% in short interest. VZ’s total short interest was 34.36 million shares in June as published by FINRA. Its up 2.33% from 33.58M shares, reported previously. With 16.57M shares average volume, it will take short sellers 2 days to cover their VZ’s short positions. The short interest to Verizon Communications Inc’s float is 0.84%.

The stock increased 0.89% or $0.42 during the last trading session, reaching $47.82. About 16.54 million shares traded or 10.72% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since June 14, 2017 and is uptrending. It has underperformed by 5.49% the S&P500.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $197.59 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 6.27 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 18 analysts covering Verizon Communications Inc. (NYSE:VZ), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Verizon Communications Inc. had 23 analyst reports since January 2, 2018 according to SRatingsIntel. Nomura maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, January 24. Nomura has “Buy” rating and $63 target. The firm earned “Buy” rating on Wednesday, February 28 by Moffett Nathanson. The company was upgraded on Monday, January 22 by Scotia Capital. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Hold” rating. Bank of America maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Buy” rating. The rating was upgraded by Barclays Capital on Monday, April 23 to “Overweight”. As per Wednesday, January 24, the company rating was maintained by Robert W. Baird. The stock has “Hold” rating by Jefferies on Wednesday, January 24. The firm has “Overweight” rating by JP Morgan given on Friday, May 11. The firm has “Neutral” rating by JP Morgan given on Wednesday, January 24.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon, Nokia hit 5G milestones with data sessions” on June 12, 2018, also Seekingalpha.com with their article: “Verizon: We Don’t Know About Vestberg, But Dividend Remains Well Covered” published on June 12, 2018, Globenewswire.com published: “Mix and match your unlimited plans” on June 14, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “John Stratton to retire from Verizon by end of 2018” published on June 08, 2018 as well as Globenewswire.com‘s news article titled: “Verizon announces CEO succession plan” with publication date: June 08, 2018.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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