Jefferies Has Just Reaffirmed $50.0 Target Price Per Share on Verizon (NYSE:VZ) stock, While They’ve Also Reiterated Their Hold Rating

December 7, 2017 - By Linda Rogers

 Jefferies Has Just Reaffirmed $50.0 Target Price Per Share on Verizon (NYSE:VZ) stock, While They’ve Also Reiterated Their Hold Rating

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It fall, as 90 investors sold Verizon Communications Inc. shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported.

Woodstock reported 1.35% stake. Cambridge Tru has 47,112 shares for 0.15% of their portfolio. Moreover, M&T Bancshares Corporation has 0.36% invested in Verizon Communications Inc. (NYSE:VZ) for 1.36M shares. The Nebraska-based Pittenger Anderson has invested 0.47% in Verizon Communications Inc. (NYSE:VZ). Trustco Comml Bank N Y holds 29,148 shares. Dowling And Yahnke Lc holds 0.16% in Verizon Communications Inc. (NYSE:VZ) or 33,730 shares. 260,863 were reported by Liberty Mutual Grp Asset Management. Spinnaker Tru holds 25,998 shares or 0.15% of its portfolio. Capital Advsr Ltd Ltd Com holds 0.06% or 3,877 shares. Menora Mivtachim Limited reported 7,440 shares. Cornerstone Advsrs has invested 0.43% in Verizon Communications Inc. (NYSE:VZ). 50,387 were accumulated by Triangle Secs Wealth Management. Northeast Financial Consultants holds 0.08% in Verizon Communications Inc. (NYSE:VZ) or 4,800 shares. Connecticut-based Conning has invested 1.41% in Verizon Communications Inc. (NYSE:VZ). Cannell Peter B & Com holds 0.08% in Verizon Communications Inc. (NYSE:VZ) or 54,678 shares.

Verizon (NYSE:VZ) Rating Reaffirmed

The broker has just set a PT of $50.0 on Verizon (NYSE:VZ) shares. This is -1.09 % from the last stock price. In analysts note shared with investors and clients on Friday morning, Jefferies reconfirmed their Hold rating on shares of VZ.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It fall, as 90 investors sold Verizon Communications Inc. shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported.

Woodstock reported 1.35% stake. Cambridge Tru has 47,112 shares for 0.15% of their portfolio. Moreover, M&T Bancshares Corporation has 0.36% invested in Verizon Communications Inc. (NYSE:VZ) for 1.36M shares. The Nebraska-based Pittenger Anderson has invested 0.47% in Verizon Communications Inc. (NYSE:VZ). Trustco Comml Bank N Y holds 29,148 shares. Dowling And Yahnke Lc holds 0.16% in Verizon Communications Inc. (NYSE:VZ) or 33,730 shares. 260,863 were reported by Liberty Mutual Grp Asset Management. Spinnaker Tru holds 25,998 shares or 0.15% of its portfolio. Capital Advsr Ltd Ltd Com holds 0.06% or 3,877 shares. Menora Mivtachim Limited reported 7,440 shares. Cornerstone Advsrs has invested 0.43% in Verizon Communications Inc. (NYSE:VZ). 50,387 were accumulated by Triangle Secs Wealth Management. Northeast Financial Consultants holds 0.08% in Verizon Communications Inc. (NYSE:VZ) or 4,800 shares. Connecticut-based Conning has invested 1.41% in Verizon Communications Inc. (NYSE:VZ). Cannell Peter B & Com holds 0.08% in Verizon Communications Inc. (NYSE:VZ) or 54,678 shares.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. has $55 highest and $44 lowest target. $51.10’s average target is 1.09% above currents $50.55 stock price. Verizon Communications Inc. had 59 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, October 21 by FBR Capital. On Tuesday, January 3 the stock rating was upgraded by Citigroup to “Buy”. As per Monday, October 24, the company rating was upgraded by Drexel Hamilton. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 21. Citigroup has “Neutral” rating and $49 target. The company was downgraded on Friday, April 21 by Argus Research. The rating was downgraded by Hilliard Lyons to “Neutral” on Wednesday, July 27. Barclays Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, July 14. Barclays Capital has “Hold” rating and $4700 target. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) on Monday, March 14 with “Neutral” rating. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by RBC Capital Markets on Friday, October 20. The firm has “Hold” rating by Oppenheimer given on Thursday, July 27.

The stock decreased 0.26% or $0.13 during the last trading session, reaching $50.55. About 7.01 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33 % or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59B for 14.36 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20 % negative EPS growth.

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 $206.22 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 12.99 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: Reuters.com which released: “Verizon close to announcing digital streaming deal with NFL: Bloomberg” on November 18, 2017, also Usnews.com with their article: “Verizon Is Primed For a Big 2018” published on November 20, 2017, Reuters.com published: “Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources” on November 16, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Finance.Yahoo.com and their article: “Verizon Communications Inc. (VZ) Is Primed For a Big 2018” published on November 20, 2017 as well as Twst.com‘s news article titled: “Verizon Communications Inc.: Verizon announces pricing terms of tender offers …” with publication date: November 30, 2017.

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