Verizon shares rise premarket after third quarter beats market expectations

Verizon shares rise premarket after third quarter beats market expectations

About 22.11M shares traded or 51.96% up from the average. It has underperformed by 25.18% the S&P500. Over the last three months, insiders sold 1,830 shares of company stock worth $88,828.

Boyd Watterson Asset Management LLC OH lessened its stake in shares of Verizon Communications Inc. The stock increased 1.17% or $0.57 during the last trading session, reaching $49.21. About 1.94 million shares traded or 10.23% up from the average. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Therefore 51% are positive. The rating was maintained by Evercore on Monday, September 21 with "Buy". The firm has "Buy" rating by Citigroup given on Tuesday, January 3. "(VZ) Ex-Dividend Date Scheduled for October 06, 2017" on October 05, 2017. (NYSE:VZ) opened at 48.65 on Thursday. Keefe Bruyette & Woods has "Buy" rating and $7500 target. Morgan Stanley maintained it with "Overweight" rating and $52 target in Friday, October 13 report. As per Friday, October 16, the company rating was initiated by Nomura. MoffettNathanson upgraded the stock to "Neutral" rating in Tuesday, August 11 report. The firm has "Sector Perform" rating by RBC Capital Markets given on Monday, July 31.

Per share earnings excluding special items was 98 U.S. cents, slightly above market expectations for 97 United States cents per share.

In its latest quarter, the company continued to increase the percentage of its total subscriber base that were on smartphones and using high-speed wireless internet.

In its third-quarter results, Verizon also revealed it had added more phone subscribers than was expected. It is negative, as 90 investors sold VZ shares while 700 reduced holdings. Somerset Tru has 53,506 shares. Dnb Asset Management As accumulated 0% or 1.24 million shares. Swarthmore has 15,000 shares. Vigilant Capital Lc holds 1.34% or 184,711 shares in its portfolio. First Personal Financial Svcs invested in 0.12% or 8,379 shares. Tirschwell Loewy accumulated 39,888 shares or 0.28% of the stock. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share. (NYSE:VZ). Numeric Investors Lc owns 926,775 shares or 0.37% of their USA portfolio. Natixis reported 0.69% in Verizon Communications Inc. (NYSE:VZ). 9,541 are held by Shoker Counsel.

Comerica Bank decreased Verizon Communications (VZ) stake by 0.76% reported in 2017Q2 SEC filing.

Among 26 analysts covering Verizon Communications Inc.

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Verizon lost 18,000 FiOS video subscribers.

Investors sentiment decreased to 0.88 in 2017 Q2. Goodhaven Capital Limited Liability Corporation accumulated 4.9% or 219,604 shares. 28,467 are owned by Eads Heald Investment Counsel.

The company's revenue beat Wall Street expectations while meeting analysts' estimates on profit. (NYSE:VZ). First Long Island Invsts Ltd Liability Com reported 0.04% of its portfolio in Verizon Communications Inc.

VZ has been the topic of a number of recent research reports. Somerset Tru reported 27,514 shares or 0.67% of all its holdings. Taconic Advsr L P invested 1.31% of its portfolio in Verizon Communications Inc.

Since May 1, 2017, it had 0 buys, and 2 selling transactions for $781,618 activity. 610 shares were sold by SILLIMAN CRAIG L., worth $27,657.

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