Headlines about Verizon Communications (NYSE:VZ) have trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Verizon Communications earned a media sentiment score of 1.75 on their scale. InfoTrie also assigned media coverage about the cell phone carrier an news buzz score of 3 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Verizon Communications’ score:
- North Little Rock’s Verizon Arena finds sponsor, will get new name next year (nwaonline.com)
- Verizon offers free calling, text and data for customers impacted by Camp Fire (finance.yahoo.com)
- Frontier Communications’ Q3 2018 Earnings: The Must-Knows (finance.yahoo.com)
- Verizon and MassTLC challenge local robotics developers: Show us what you can do with 5G technology (finance.yahoo.com)
- Oath Rebranded in Verizon Restructuring as ‘Verizon Media Group/Oath’; Advertising Association/WARC Expenditure Report (exchangewire.com)
Shares of VZ traded up $0.19 during mid-day trading on Friday, hitting $58.46. 17,365,475 shares of the company were exchanged, compared to its average volume of 20,613,052. Verizon Communications has a 1-year low of $43.97 and a 1-year high of $59.20. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.90. The company has a market cap of $237.98 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.51 and a beta of 0.46.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th were issued a $0.6025 dividend. This is an increase from Verizon Communications’s previous quarterly dividend of $0.59. The ex-dividend date was Tuesday, October 9th. This represents a $2.41 dividend on an annualized basis and a yield of 4.12%. Verizon Communications’s dividend payout ratio is presently 64.44%.
Several research firms have recently issued reports on VZ. Scotiabank set a $62.00 target price on shares of Verizon Communications and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research lowered shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Bank of America reissued a “buy” rating and set a $58.00 target price on shares of Verizon Communications in a research note on Monday, October 22nd. Finally, Robert W. Baird increased their target price on shares of Verizon Communications from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.93.
Verizon Communications Company Profile
Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.
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