Investors who frequent StockNews.com’s website were given access to a research note that the company’s analysts had prepared on Thursday, and it was focused on Verizon Communications.
The brokerage firm made a recommendation to buy the stock of the mobile phone service provider.
On Tuesday, January 24, the most recent quarterly earnings report for Verizon Communications (NYSE: VZ) was made available to the public.
The mobile phone company reported a quarterly profit of $1.19 per share, $0.01 less than the consensus estimate of $1.20 for the period.
The most recent quarter’s sales came in at $35.30 billion, significantly higher than the average prediction of $35.14 billion in sales for that period for the company. Verizon Communications had a return on equity of 24.60 percent, and the net margin for the company was 15.53 percent.
In the third quarter, Verizon Communications reported a revenue increase of 3.5% when compared to the same period the previous year.
During the same period the previous year, the corporation made a profit of $1.31 on each share of common stock. Finance experts agree that Verizon Communications will finish the current fiscal year with $4.69 per share earnings, as this figure has become the industry standard.
On Thursday, trading got underway on the NYSE VZ for $37.06 per share.
The company has a price-to-earnings ratio of 7.32, a price-to-earnings-to-growth ratio of 1.89, a market capitalization of $155.65 billion, a beta of 0.36, and a price-to-earnings-to-growth ratio of 1.89.
This company has a debt-to-equity ratio of 1.52, a quick ratio of 0.71, and a current ratio of 0.75.
The price of the stock’s simple moving average over the past 50 days is currently $39.86, while the price of the stock’s simple moving average over the past 200 days is currently $39.06.
The prices of the various services provided by Verizon Communications can range anywhere from $34.55 to $55.51 over a single year.
Several other equity analysts have written articles on various topics regarding the company.
In a report on the company’s financial performance released on January 25, Royal Bank of Canada lowered its “sector perform” rating and its price objective for Verizon Communications, which had previously been set at $42.00.
The new price objective is $40.00. Oppenheimer rated Verizon Communications as an “outperform” company and decreased their target price from $50.00 to $46,000 in a report published on January 25.
Moffett Nathanson moved their rating of Verizon Communications from “underperform” to “market perform” in a study released to the public on December 19.
In addition, the company has set a target price of $41.00 for the stock and is working toward reaching that price.
Morgan Stanley changed its rating for Verizon Communications on December 15 from “equal weight” to “overweight” in a research note that was made public at that time.
In addition, they moved the price target they had set for the stock from $41.00 to $44.00, which was an increase of $5.00.
In a study released on January 25, Cowen lowered its “outperform” rating and target price for Verizon Communications from $55.00 to $49.00.
The report was based on a previous price target of $55.00.
The stock has been given a recommendation to sell by one of the equity research analysts, a recommendation to hold it by thirteen of them, and a recommendation to buy by six.
According to research compiled by Bloomberg, the stock has been given an average rating of “Hold,” and analysts have established a consensus price objective for the com.