Verizon Communications Inc.’s Stock Is Sell After Today’s Bearish Options Activity

 Verizon Communications Inc.'s Stock Is Sell After Today's Bearish Options Activity

In today’s session Verizon Communications Inc. (VZ) recorded an unusually high (307) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious VZ decrease. With 307 contracts traded and 5884 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: VZ180119P00055000 closed last at: $8.2 or 5.2% down. About 8.06 million shares traded hands. Verizon Communications Inc. (NYSE:VZ) has declined 0.18% since April 25, 2016 and is downtrending. It has underperformed by 6.19% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 24 before the open. They expect $0.90 earnings per share, up 1.12% or $0.01 from last year’s $0.89 per share. VZ’s profit will be $3.70 billion for 14.19 P/E if the $0.90 EPS becomes a reality. After $1.01 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.89% negative EPS growth.

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. RBC Capital Markets maintained it with “Outperform” rating and $48 target price in Wednesday, September 30 report. The rating was downgraded by Zacks to “Hold” on Monday, September 7. MoffettNathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, August 11 to “Neutral” rating. Argus Research maintained the stock with “Buy” rating in Wednesday, October 21 report. The rating was downgraded by Jefferies to “Hold” on Thursday, April 7. The rating was downgraded by Hilliard Lyons on Wednesday, July 27 to “Neutral”. Oppenheimer downgraded the stock to “Perform” rating in Wednesday, July 20 report. The firm has “Buy” rating by Drexel Hamilton given on Monday, October 24. The firm has “Neutral” rating given on Tuesday, April 5 by Macquarie Research. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Thursday, February 4 by DA Davidson.

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 2016 Q2. Its down 0.05, from 1.15 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.
Old Mutual Customised Solutions (Proprietary) holds 104,900 shares or 1.47% of its portfolio. Linscomb And Williams Inc has 80,916 shares for 0.46% of their US portfolio. Hollencrest Limited Company last reported 0.88% of its portfolio in the stock. Factory Mutual Insurance has invested 0.96% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Oppenheimer And Incorporated has invested 0.81% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Barry Advsr Limited Liability has 62,608 shares for 1.36% of their US portfolio. Stuyvesant holds 6.77% or 61,295 shares in its portfolio. Moreover, Hillsdale Invest Mgmt Incorporated has 0.36% invested in Verizon Communications Inc. (NYSE:VZ) for 22,283 shares. Ftb Inc last reported 1.04% of its portfolio in the stock. Moreover, Dnb Asset Mngmt As has 0% invested in Verizon Communications Inc. (NYSE:VZ) for 349,388 shares. Nichols Pratt Advisers Limited Liability Partnership Ma, a Massachusetts-based fund reported 244,578 shares. Hermes Invest Ltd accumulated 0.6% or 535,551 shares. Moreover, Private Ocean Ltd Liability Corporation has 0.02% invested in Verizon Communications Inc. (NYSE:VZ) for 457 shares. Amp Invsts accumulated 1.51M shares or 0.56% of the stock. Bb&T holds 1.04M shares or 1.22% of its portfolio.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 4 selling transactions for $139,595 net activity. SILLIMAN CRAIG L. sold $36,832 worth of Verizon Communications Inc. (NYSE:VZ) on Wednesday, July 27.

Verizon Communications Inc. is a holding company. The company has a market cap of $210.14 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.89 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 news for Verizon Communications Inc. (NYSE:VZ) were recently published by: Etfdailynews.com, which released: “Verizon: eCommerce Black Friday Traffic Surged 9% From Last Year” on November 28, 2016. Prnewswire.com‘s article titled: “Heavy ecommerce traffic on Thanksgiving Day, according to the Verizon Retail Index” and published on November 25, 2016 is yet another important article.

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