Verizon Communications (NYSE:VZ) Stock Rating Lowered by Dbs Bank

Verizon Communications (NYSE:VZGet Free Report) was downgraded by equities research analysts at Dbs Bank from a “moderate buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Evercore raised their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Williams Trading set a $54.00 target price on shares of Verizon Communications in a research report on Monday, February 2nd. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $50.25 to $54.50 in a report on Monday, March 9th. William Blair upgraded shares of Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.56.

View Our Latest Research Report on Verizon Communications

Verizon Communications Stock Performance

Shares of VZ opened at $47.98 on Tuesday. The firm has a market capitalization of $202.38 billion, a P/E ratio of 11.85, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.87. Verizon Communications has a one year low of $38.39 and a one year high of $51.68. The business has a fifty day moving average of $49.10 and a 200 day moving average of $43.57.

Verizon Communications (NYSE:VZGet Free Report) last posted its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $36.38 billion for the quarter, compared to the consensus estimate of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.Verizon Communications’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, sell-side analysts anticipate that Verizon Communications will post 4.69 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the transaction, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. This trade represents a 57.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 218,148 shares of company stock worth $10,780,356 over the last three months. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Verizon Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TruNorth Capital Management LLC boosted its stake in shares of Verizon Communications by 95.3% in the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock worth $27,000 after acquiring an additional 305 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications during the 3rd quarter valued at approximately $29,000. Strengthening Families & Communities LLC lifted its holdings in Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in Verizon Communications by 739.5% in the 3rd quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 599 shares in the last quarter. Finally, Holos Integrated Wealth LLC bought a new position in Verizon Communications in the 4th quarter worth approximately $28,000. 62.06% of the stock is owned by institutional investors.

Key Stories Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

About Verizon Communications

(Get Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

Further Reading

Analyst Recommendations for Verizon Communications (NYSE:VZ)

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