Published: Fri, April 21, 2017
Business | By Max Garcia

Verizon's profit sinks as it loses wireless subscribers

It has underperformed by 14.86% the S&P500. Verizon Communications's revenue for the quarter was down 5.6% compared to the same quarter past year. One analyst has rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have issued a buy rating to the stock. Therefore 29% are positive. Verizon Communications Inc. has a 52-week low of 46.01 and a 52-week high of 56.95. (VZ)'s latest closing price distance was at -1.65% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 0.97% and 0.92% compared with the 20 Day Moving Average.

Verizon Communications Inc. (VZ) closed -1.65% below its 200-day moving average and is 0.97% above another chart threshold, its 50-day moving average.

Verizon Communications Inc.'s ROI is valued at 15.10% relatively measuring the profitability on the investment. (NYSE:VZ) or 610 shares. As it upholds an amended rate with more EPSGR it is prone to be a good target. (NYSE:VZ) has "Buy" rating given on Tuesday, January 3 by Citigroup. The company presently has an average rating of "Hold" and an average target price of $54.40. The firm has "Buy" rating given on Thursday, March 17 by Stifel Nicolaus. The company has market cap of $44.17 billion. The rating was downgraded by Zacks to "Hold" on Monday, September 7.

01/24/2017 - Verizon Communications Inc. had its "market perform" rating reiterated by analysts at Cowen.

Investors sentiment increased to 1.11 in 2016 Q4. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. Finally, Barclays PLC decreased their target price on shares of Verizon Communications from $53.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 25th. Moreover, Golub Grp Ltd Llc has 0.11% invested in Verizon Communications Inc. Moreover, Panagora Asset has 1.24% invested in Verizon Communications Inc. (NYSE:VZ) was up +0.84% during the last trading session, with a day high of 49.49. Hamel Associate Incorporated accumulated 54,799 shares. Department Mb Bank N A stated it has 141,576 shares or 0.8% of all its holdings. Other revenues totaled $1,336 million, up 7.7%. Wheatland reported 38,202 shares. Keating Inv Counselors Inc reported 122,492 shares. Davis R M holds 0.12% or 47,006 shares in its portfolio. Hedeker Wealth Limited Liability Company stated it has 45,345 shares or 1.99% of all its holdings. $1.61 million worth of Verizon Communications Inc. Zacks Investment Research lowered shares of Verizon Communications from a "hold" rating to a "sell" rating in a research report on Tuesday, April 4th.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks. The stock of Verizon Communications Inc. During the same quarter a year ago, the company earned $1.06 EPS. VZ's profit will be $4.11B for 12.27 P/E if the $1.00 EPS becomes a reality.

The analysts offering 12 month price targets for Verizon Communications Inc. have a median target of $51, with a high estimate of $59 and a low estimate of $42. Also, EVP Roger Gurnani sold 10,804 shares of Verizon Communications stock in a transaction on Thursday, February 23rd. Tortoise Investment Management LLC raised its position in shares of Verizon Communications by 35.3% in the fourth quarter.

EPS growth in next year is estimated to reach 2.74% while EPS growth estimate for this year is set at -26.50%. (NASDAQ:AXDX) shares moved to $25.15 after starting the day at $23.60. John Legere, T-Mobile's brash CEO, mocked Verizon's results on Twitter. As per Tuesday, February 21, the company rating was upgraded by Moffett Nathanson.

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