Verizon Communications Inc. (VZ) Hit 52-Week High

January 23, 2018 - By Linda Rogers

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It has no change, as 81 investors sold Verizon Communications Inc. shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported.
Moreover, Agf Invs has 0.26% invested in Verizon Communications Inc. (NYSE:VZ) for 488,843 shares. Asset Corp reported 2,685 shares or 0.02% of all its holdings. Liberty Cap Mngmt Inc has invested 1.45% in Verizon Communications Inc. (NYSE:VZ). Hartford Fincl Management has invested 0.49% in Verizon Communications Inc. (NYSE:VZ). Fdx Advisors accumulated 312,600 shares. Sanctuary Wealth Ltd Liability Co holds 0.15% or 4,000 shares. Westwood Group reported 78,943 shares. At Bancshares invested 0.14% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Livingston Gru Asset Management Com (Operating As Southport Management) accumulated 53,520 shares. Newman Dignan & Sheerar Incorporated reported 1.02% stake. Reik Lc reported 7,688 shares. Vaughan Nelson Limited Partnership holds 0.02% or 25,750 shares. Washington Tru Bank reported 78,448 shares. Evanson Asset Mgmt Lc, a California-based fund reported 6,492 shares. 58,326 were reported by Mariner Wealth Advisors Ltd Liability Co.

Since August 28, 2017, it had 0 insider buys, and 3 sales for $89,365 activity.

The stock of Verizon Communications Inc. (NYSE:VZ) hit a new 52-week high and has $55.18 target or 3.00 % above today’s $53.58 share price. The 6 months bullish chart indicates low risk for the $218.56 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $55.18 price target is reached, the company will be worth $6.56 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.22% or $0.115 during the last trading session, reaching $53.575. About 24.42 million shares traded or 43.94% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 23, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 27 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 20 Hold. Therefore 26% are positive. Verizon Communications Inc. had 66 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the shares of VZ in report on Wednesday, January 25 to “Sector Perform” rating. As per Wednesday, October 21, the company rating was maintained by Citigroup. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, October 4. Moffet Nathanson downgraded the shares of VZ in report on Friday, April 1 to “Neutral” rating. The firm has “Hold” rating given on Friday, October 6 by Jefferies. The stock has “Market Perform” rating by Bernstein on Thursday, April 7. The rating was maintained by RBC Capital Markets with “Hold” on Friday, May 26. On Friday, July 14 the stock rating was maintained by Barclays Capital with “Hold”. Citigroup upgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, January 3 to “Buy” rating. The rating was maintained by Cowen & Co with “Hold” on Tuesday, July 18.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Benzinga.com which released: “Upcoming Earnings: Verizon To Report Q4 Results Tomorrow Morning” on January 22, 2018, also Nasdaq.com with their article: “Verizon Communications Reaches Analyst Target Price” published on January 23, 2018, Fool.com published: “Why 2017 Was a Year to Forget for Verizon Communications Inc.” on January 18, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Investorplace.com and their article: “Verizon Communications Inc. Earnings: 12 Things to Know” published on January 23, 2018 as well as Bloomberg.com‘s news article titled: “Verizon Weighs Sports Gambling as Legalization Nears” with publication date: January 23, 2018.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $218.56 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 13.74 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

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