Verizon Communications Inc. Stock Price Could Go Down After Today’s Bearish Options Activity

 Verizon Communications Inc. Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Verizon Communications Inc. (VZ) recorded an unusually high (540) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the July, 2017 put, expecting serious VZ decrease. With 540 contracts traded and 374 open interest for the Jul, 17 contract, it seems this is a quite bearish bet. The option with symbol: VZ170721P00047000 closed last at: $3.65 or 4.3% up. About 3.73 million shares traded hands. Verizon Communications Inc. (NYSE:VZ) has declined 12.96% since April 5, 2016 and is downtrending. It has underperformed by 14.92% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Out of 17 analysts covering Verizon Communications Inc. (NYSE:VZ), 5 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 29% are positive. $55 is the highest target while $44 is the lowest. The $51.39 average target is 8.85% above today’s ($47.21) stock price. Verizon Communications Inc. has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, August 14, the company rating was upgraded by Zacks. The company was initiated on Thursday, February 4 by DA Davidson. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 25 report. As per Tuesday, August 11, the company rating was downgraded by Vetr. The firm has “Sector Outperform” rating given on Wednesday, October 21 by Scotia Capital. The firm has “Buy” rating given on Monday, October 24 by Drexel Hamilton. The firm has “Outperform” rating given on Wednesday, September 30 by RBC Capital Markets. As per Friday, October 16, the company rating was initiated by Nomura. On Tuesday, April 5 the stock rating was initiated by Macquarie Research with “Neutral”. The rating was downgraded by Zacks on Monday, September 7 to “Hold”.

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 dived, 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.
Navellier & Associate reported 24,734 shares or 0.21% of all its holdings. Federated Investors Pa owns 18.92 million shares or 3.08% of their US portfolio. Dynamic Cap Mngmt Limited last reported 19,737 shares in the company. Zwj Invest Counsel last reported 440,118 shares in the company. The Illinois-based Chesley Taft And Associates Ltd Liability Company has invested 1.27% in Verizon Communications Inc. (NYSE:VZ). Princeton Port Strategies Group Limited Liability holds 1.47% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 81,748 shares. Highlander Management Limited Liability Company accumulated 0.08% or 1,640 shares. Ftb Advsrs holds 137,204 shares or 1.04% of its portfolio. Kj Harrison & Prtnrs Inc reported 25,000 shares or 0.75% of all its holdings. Kynikos Assoc Limited Partnership holds 1.42% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 81,448 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 676,401 shares in the company. Utah Retirement holds 1.11% or 747,759 shares in its portfolio. Cognios, a Kansas-based fund reported 39,934 shares. Schnieders Mgmt Ltd Com reported 80,742 shares or 2.52% of all its holdings. Welch Forbes Lc accumulated 476,281 shares or 0.81% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 5 sales for $173,061 net activity. On Thursday, May 26 SILLIMAN CRAIG L. sold $33,466 worth of the stock or 672 shares.

Verizon Communications Inc. is a holding company. The company has a market cap of $187.82 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 13.76 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 important 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 Profitconfidential.com published article titled: “Verizon Communications Inc.: Acquisitions Could Help VZ Stock Soar”, Bloomberg.com published: “Verizon Adds Fewest Subscribers in Six Years Amid Price War” on October 20, 2016. More interesting news about Verizon Communications Inc. (NYSE:VZ) was released by: Forbes.com and their article: “Verizon Communications Enters Oversold Territory” with publication date: October 20, 2016.

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