Major Move Is Coming For Verizon Communications Inc. After Bearish Options Activity

 Major Move Is Coming For Verizon Communications Inc. After Bearish Options Activity

In today’s session Verizon Communications Inc. (VZ) recorded an unusually high (2,224) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious VZ decrease. With 2,224 contracts traded and 2994 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: VZ170217P00046000 closed last at: $1.1 or 17.3% down. About 2.62M shares traded hands. Verizon Communications Inc. (NYSE:VZ) has declined 7.52% since April 18, 2016 and is downtrending. It has underperformed by 11.95% 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. Verizon Communications Inc. has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Argus Research maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, October 21 with “Buy” rating. As per Friday, April 1, the company rating was downgraded by Moffet Nathanson. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Monday, January 25 with “Outperform” rating. Vetr downgraded it to “Buy” rating and $48.62 target price in Tuesday, August 11 report. The rating was initiated by Nomura on Friday, October 16 with “Neutral”. The firm earned “Neutral” rating on Thursday, February 4 by DA Davidson. The firm has “Perform” rating given on Wednesday, July 20 by Oppenheimer. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, September 30 with “Outperform” rating. The rating was upgraded by Zacks to “Hold” on Friday, August 14. 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 1.1 in Q2 2016. Its down 0.05, from 1.15 in 2016Q1. The ratio turned negative, 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.
Cadence State Bank Na has 47,384 shares for 1.3% of their US portfolio. Chemung Canal last reported 145,919 shares in the company. Brandywine Global Inv Management Limited Liability Corp holds 1.39% or 3.69 million shares in its portfolio. Barrington Strategic Wealth Lc, a Illinois-based fund reported 22,277 shares. Pnc Fincl Grp Incorporated holds 0.8% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 12.22 million shares. Next Gp holds 64,533 shares or 1.14% of its portfolio. M&R Mngmt owns 44,293 shares or 0.72% of their US portfolio. Security National Tru accumulated 1.57% or 76,560 shares. Veritable L P last reported 0.2% of its portfolio in the stock. Check Capital Mngmt Inc Ca has 1.16 million shares for 5.3% of their US portfolio. Knott David M holds 1,583 shares or 0% of its portfolio. The New Jersey-based Peapack Gladstone has invested 0% in Verizon Communications Inc. (NYSE:VZ). Moreover, Atwood And Palmer Incorporated has 0.01% invested in Verizon Communications Inc. (NYSE:VZ) for 600 shares. Breton Hill Cap Limited last reported 2.87% of its portfolio in the stock. Mcf Advisors Lc holds 0.16% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 11,737 shares.

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

Verizon Communications Inc. is a holding company. The company has a market cap of $203.18 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.02 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: Forbes.com which released: “Verizon Communications (VZ) Shares Cross 5% Yield Mark” on November 14, 2016, also Nasdaq.com with their article: “Verizon Gains FCC Approval for XO Communications Buyout” published on November 18, 2016, Wsj.com published: “Verizon to Buy Technology of Web-Video Startup Vessel” on October 26, 2016. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Wsj.com and their article: “Verizon Moves In on WeWork Territory” published on November 08, 2016 as well as Profitconfidential.com‘s news article titled: “Verizon Communications Inc.: Acquisitions Could Help VZ Stock Soar” with publication date: October 23, 2016.

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