Several other research analysts have also commented on T. Jefferies Group restated a positive rating and set a $40.00 price objective (up previously from $39.00) on shares of AT&T in a research report on Wednesday, June 3rd.
Shares of Verizon Communications Inc. Zacks cut Verizon Communications from a “buy” rating to a “hold” rating in a research report on Monday, September 7th.
The earnings surprise factor represents the difference between a company’s actual reported numbers and the expected consensus numbers provided by analysts on Wall Street. Verizon has been slow to adapt to changing needs, said one analyst quoted in the Reuters report, and therefore smaller companies like T-Mobile have been able to pull away some of its customers with promotions and discounts. “However, a saturated wireless market, intensifying competition, access lines losses, heavy capital spending, and regulatory risks may pose near-term threats to Verizon”.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Finally, Buckingham Research started coverage on Verizon Communications in a report on Wednesday, July 1st.
8/26/2015 – Verizon Communications was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. The 52-week low of the share price is at $32.67. The brokerage now has $36.67 price objective on the stock.
8/11/2015 – Verizon Communications was upgraded by analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating. The trading data also revealed that the total net flow stood at $197.72 million as the shares had $313.51 million in upticks but lost $115.79 million in downticks. Post opening the session at $45.16, the shares hit an intraday low of $44.42 and an intraday high of $45.26 and the price vacillated in this range throughout the day. They now have an “underperform” rating on the stock. Verizon Communications has a one year low of $38.06 and a one year high of $51.73.
Shares of Verizon Communications (NYSE:VZ) traded down 0.83% during midday trading on Friday, reaching $44.43. The firm has a market capitalization of $200.80 billion and a PE ratio of 32.258.
Verizon Communications Inc. has dropped 4.98% during the last 3-month period.
AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 23rd. The cell phone carrier reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The business’s revenue was up 2.4% compared to the same quarter a year ago . During the same quarter a year ago , the business earned $0.62 EPS.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Walden Marni M, officer (EVP&Pres of Prod Innov&New Bus) of Verizon Communications Inc, had unloaded 8,229 shares at an average price of $46.26 in a transaction dated on August 7, 2015. Stockholders of record on Friday, October 9th will be given a dividend of $0.565 per share. Business Solutions (RBS) refers to its operations that offer wired telephony, data networking and IP services for Canadian businesses and governments, as well as making some of these offerings available on a wholesale basis to other telecommunications providers, carried on by RCP.
In this series, we will look at Verizon’s (VZ) wireline segment. Verizon Wireless’ communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States.