Verizon Communications Inc. (VZ) Analysts See $1.18 EPS

September 25, 2018 - By Benjamin Allen

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in 2018 Q2. Its up 0.12, from 0.97 in 2018Q1. It improved, as 57 investors sold Verizon Communications Inc. shares while 629 reduced holdings. 140 funds opened positions while 609 raised stakes. 2.56 billion shares or 0.34% more from 2.55 billion shares in 2018Q1 were reported.
Kempen Cap Mgmt Nv has invested 2.31% of its portfolio in Verizon Communications Inc. (NYSE:VZ). One Trading Limited Partnership owns 57,646 shares. Old Mutual Customised Solutions (Proprietary) holds 1.38% in Verizon Communications Inc. (NYSE:VZ) or 275,655 shares. Beck Mack And Oliver Ltd Com holds 0.71% or 422,720 shares in its portfolio. Oppenheimer Asset Mgmt has 293,774 shares for 0.36% of their portfolio. Putnam Invs Ltd Liability holds 4.48 million shares or 0.52% of its portfolio. Fukoku Mutual Life Ins owns 196,930 shares. M Kraus accumulated 4,007 shares. Tnb Financial holds 0.79% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 90,762 shares. Jp Marvel Advsr Limited Liability Company owns 10,731 shares for 0.17% of their portfolio. Glovista Invs Ltd Liability, New Jersey-based fund reported 72,970 shares. Boyar Asset Mgmt holds 0.43% or 11,602 shares in its portfolio. Excalibur Corporation stated it has 5.9% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Axa reported 0.44% in Verizon Communications Inc. (NYSE:VZ). Jaffetilchin Investment Prtn Ltd Com holds 8,108 shares or 0.09% of its portfolio.

Since May 1, 2018, it had 0 insider buys, and 1 insider sale for $97,595 activity.

Analysts expect Verizon Communications Inc. (NYSE:VZ) to report $1.18 EPS on October, 18.They anticipate $0.20 EPS change or 20.41 % from last quarter’s $0.98 EPS. VZ’s profit would be $4.88 billion giving it 11.34 P/E if the $1.18 EPS is correct. After having $1.20 EPS previously, Verizon Communications Inc.’s analysts see -1.67 % EPS growth. The stock decreased 1.62% or $0.88 during the last trading session, reaching $53.54. About 14.03 million shares traded or 5.78% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 17.48% since September 25, 2017 and is uptrending. It has outperformed by 1.86% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 14 analysts covering Verizon (NYSE:VZ), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Verizon had 15 analyst reports since March 28, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, April 23 by Barclays Capital. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, June 19 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, April 24 by Cowen & Co. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Wednesday, April 25 by UBS. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Wells Fargo on Friday, June 8. As per Friday, May 11, the company rating was upgraded by JP Morgan. Moffett Nathanson downgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, September 4 to “Neutral” rating. The firm earned “Hold” rating on Wednesday, April 25 by Jefferies. The firm has “Buy” rating by SunTrust given on Wednesday, April 25. The company was upgraded on Thursday, June 21 by Goldman Sachs.

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 $221.22 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 7.1 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.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon Raises The Dividend Modestly” on September 10, 2018, also 247Wallst.com with their article: “Verizon Delivers More Good News for Growing Dividend Investors” published on September 06, 2018, Nasdaq.com published: “21st Century Fox Will Come Out on Top of This Tangled Media Web” on September 25, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “Better Buy: CenturyLink vs. Verizon” published on September 22, 2018 as well as 247Wallst.com‘s news article titled: “Verizon, DowDuPont Weigh on the Dow Monday” with publication date: September 24, 2018.

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

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