Could Verizon Communications Inc. See a Reversal After Today’s Strong Options Activity?

 Could Verizon Communications Inc. See a Reversal After Today's Strong Options Activity?

In today’s session Verizon Communications Inc. (VZ) registered an unusually high (403) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious VZ increase. With 403 contracts traded and 20494 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: VZ170616C00055000 closed last at: $0.76 or 1.3% down. About 7.84 million shares traded hands. Verizon Communications Inc. (NYSE:VZ) has declined 4.30% since March 14, 2016 and is downtrending. It has underperformed by 9.91% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on October, 18. They expect $1.00 EPS, down 3.85% or $0.04 from last year’s $1.04 per share. VZ’s profit will be $4.08 billion for 12.61 P/E if the $1.00 EPS becomes a reality. After $0.94 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 6.38% EPS growth.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Out of 16 analysts covering Verizon Communications Inc. (NYSE:VZ), 4 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 25% are positive. Verizon Communications Inc. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, April 1 by Moffet Nathanson. The firm has “Market Perform” rating given on Thursday, April 7 by Bernstein. The rating was maintained by Scotia Capital with “Sector Outperform” on Wednesday, October 21. Argus Research maintained the stock with “Buy” rating in Wednesday, October 21 report. Nomura initiated the shares of VZ in a report on Friday, October 16 with “Neutral” rating. As per Wednesday, July 20, the company rating was downgraded by Oppenheimer. The rating was initiated by Macquarie Research on Tuesday, April 5 with “Neutral”. Hilliard Lyons downgraded the shares of VZ in a report on Wednesday, July 27 to “Neutral” rating. Zacks downgraded the shares of VZ in a report on Monday, September 7 to “Hold” rating. The company was upgraded on Tuesday, August 11 by MoffettNathanson.

According to Zacks Investment Research, “Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world’s leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world’s largest provider of print and on-line directory information.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.07, from 1.22 in 2016Q1. The ratio fall, as 60 funds sold all Verizon Communications Inc. shares owned while 645 reduced positions. 97 funds bought stakes while 717 increased positions. They now own 2.54 billion shares or 1.12% less from 2.57 billion shares in 2016Q1.
Shinko Asset Mngmt Limited has 0.01% invested in the company for 16,525 shares. Principal Finance Gp last reported 6.09M shares in the company. Bokf Na, a Oklahoma-based fund reported 323,804 shares. Meritage Portfolio Mngmt holds 0.81% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 129,658 shares. Verus Fin holds 8,801 shares or 0.22% of its portfolio. Grandfield Dodd Ltd Co, a New York-based fund reported 22,778 shares. Champlain Invest Lc last reported 0% of its portfolio in the stock. Mitsubishi Ufj Tru And Banking Corporation accumulated 1.13% or 9.23M shares. Palisade Cap Ltd Com Nj owns 128,513 shares or 0.26% of their US portfolio. Glenmede Co Na owns 2.09 million shares or 0.71% of their US portfolio. Cetera Advsr Ltd has 175,569 shares for 0.76% of their US portfolio. Gamco Invsts Incorporated Et Al holds 0.09% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 253,140 shares. Perkins Mgmt Ltd Liability last reported 108,832 shares in the company. Birch Hill Inv Limited Liability Com reported 20,465 shares or 0.11% of all its holdings. Lodestar Inv Counsel Limited Company Il has invested 1.49% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Insider Transactions: Since April 26, 2016, the stock had 0 insider buys, and 5 sales for $175,238 net activity. $34,272 worth of Verizon Communications Inc. (NYSE:VZ) was sold by SILLIMAN CRAIG L. on Tuesday, April 26.

Verizon Communications Inc. is a holding company. The company has a market cap of $205.49 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.26 P/E ratio. The Firm offers voice, data and video services and solutions on its wireless and wireline networks.

VZ Company Profile

Verizon Communications Inc. (Verizon), incorporated on October 7, 1983, is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. The Firm offers voice, data and video services and solutions on its wireless and wireline networks. The Company’s divisions include Wireless and Wireline. The Wireless segment offers communications services and products, including wireless voice and data services and equipment sales that are provided to consumer, business and government clients across the United States. The Wireline segment offers voice, data and video communications services and products, such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long distance voice services. The Firm provides these services and products to clients in the United States, as well as to carriers, businesses and government clients both in the United States and around the world.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Better Buy: Verizon Communications Inc. vs. Sprint” on October 09, 2016, also Investorplace.com with their article: “The Verizon Communications Inc. (VZ) Consumer Strategy Is in Tatters” published on October 14, 2016, Prnewswire.com published: “Verizon uses drones for cell site inspections in the Carolinas in wake of …” on October 14, 2016. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Benzinga.com and their article: “Jim Cramer Advises His Viewers On Verizon, Nutanix And Cisco Systems” published on October 16, 2016 as well as Fool.com‘s news article titled: “Better Buy: AT&T Inc. vs. Verizon Communications” with publication date: October 04, 2016.

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