Verizon's profit sinks as it loses wireless subscribers

Paterniano Del Favero
Aprile 21, 2017

NYSE:VZ) was up +0.84% ($0.41) to $49.22 and showed a volume of 19.66 mln shares.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The current Wall Street consensus is expecting Verizon Communications Inc. During the same quarter in the previous year, the company earned $0.89 EPS. The stock, already down 8.3% so far this year, fell another 1.8% in premarket trading. Finally, Capital International Inc. Lowe fs LLC now owns 2,426 shares of the cell phone carrier's stock worth $126,000 after buying an additional 70 shares in the last quarter. Highland Capital Limited Liability Co owns 234,817 shares. So Verizon clearly disappointed investors - by a mile. (NYSE:VZ) has declined 9.29% since September 8, 2016 and is downtrending. Verizon Communications Inc. has $55 highest and $44 lowest target. (VZ) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Verizon Communications Inc. Stock traders bought 42,074 call options on the stock.

Analysts polled by Thomson Reuters expected per-share profit of 96 cents on $30.49 billion in revenue.

Total consolidated operating revenues in first-quarter 2017 were $29.8 billion, a 7.3 percent decrease compared with first-quarter 2016.

Verizon Communications Inc.'s ROI is valued at 15.10% relatively measuring the profitability on the investment.

Total wireless revenue fell 5 percent to $20.9 billion, because of fewer customers and less money coming from the fees Verizon charges when customers go over their data limits.

The company's quick ratio for most recent quarter is 0.80 along with current ratio for most recent quarter of 0.90. It has a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 6th. Zacks upgraded Verizon Communications Inc. Ltd. increased its stake in Verizon Communications by 1,244.2% in the fourth quarter. "(VZ)" was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. (VZ) in which Raymond James Downgrades Verizon Communications Inc.

A number of brokerages have issued reports on VZ. The stock of Verizon Communications Inc.

But aggressive moves by smaller carriers to build out their networks are paying off, said Roger Entner, an industry analyst with Recon Analytics, meaning that such companies as T-Mobile are chipping away at Verizon's network advantage. Instead, companies have been poaching customers from each other with lower prices and offers to pay people to switch. Royal Bank of Canada restated a "hold" rating and set a $51.00 price objective on shares of Verizon Communications in a research note on Friday, April 7th. Analyst's mean target price for MSFT is $69.42 while analysts mean recommendation is 2.10. 21 have given the stock a Hold rating, 1 as Underperform and 0 as Sell. The stock increased 0.84% or $0.41 during the last trading session, reaching $49.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12,495 shares valued at $603,134 were sold by Skiadas Anthony T on Tuesday, February 14. In recent months, Verizon has been looking to improve its prepaid retail footprint, tying up with some distributors to exclusively sell its prepaid products in physical stores, in addition to launching new data-focused plans and bolstering marketing spending for its prepaid operations. The disclosure for this sale can be found here. The Bb&T Securities Llc holds 1.92 million shares with $100.66M value, up from 1.89 million last quarter.

Now the P/E of Verizon Communications Inc. stands at 15.32.

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