Verizon Communications Inc. 3Q17 Earnings Boost Shares


Verizon Communications Inc. reported earnings per share of 98 cents for the third quarter of the year. Verizon Communications has a 1-year low of $42.80 and a 1-year high of $54.83. During the same period in the prior year, the firm posted $1.01 EPS. At the end of the third quarter, Verizon counted 109.7 million retail postpaid and 5.6 million retail prepaid connections.

Verizon generated telematics revenues of more than $220 million. The company has a 50-day moving average of $48.45 and a 200-day moving average of $47.01. Glassman Wealth Services raised its stake in shares of Verizon Communications by 0.4% in the second quarter. The business's quarterly revenue was up.1% compared to the same quarter past year.

Despite customer wins, wireless revenue dipped 2.4 percent to $21.58 billion during the third quarter from $22.10 billion in third-quarter 2016.

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Revenue for Verizon Business Markets climbed 8.3 percent during the quarter, reaching $903 million in revenue, up from $834 million in third-quarter 2016. Sony Corporation is given 2 buy-equivalent recommendations, 0 sells and 0 holds. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Robert W. Baird reiterated a "hold" rating and issued a $49.00 target price on shares of Verizon Communications in a report on Wednesday, October 4th.

Whittier Trust Co, which manages about $2.59B US Long portfolio, upped its stake in Ishares Em Mkts Div Etf (DVYE) by 38,818 shares to 103,514 shares, valued at $4.16M in 2017Q2, according to the filing.

SNE's mean recommendation on Reuter's scale presents no change from 1 thirty days ago to 1 now, which indicates a buy consensus from the analyst community.

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Total retail postpaid churn was 0.97 percent in third-quarter 2017, driven mainly by retail postpaid phone churn of 0.75 percent - the 10th consecutive quarter of retail postpaid phone churn of less than 0.90 percent. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly.

"We knew initially we would see optimizers who had the opportunity to move to unlimited and save money", said Verizon finance chief Matt Ellis on a call Thursday with analysts. The retail postpaid churn rate was 0.7%, while the retail postpaid phone churn was at 0.75%. Verizon Communications's dividend payout ratio is 60.51%. Keel Point LLC now owns 12,359 shares of the cell phone carrier's stock worth $552,000 after acquiring an additional 78 shares during the last quarter. Zacks Investment Research raised shares of Verizon Communications from a "sell" rating to a "hold" rating in a research report on Friday, July 7th. Vetr upgraded Verizon Communications from a "buy" rating to a "strong-buy" rating and set a $50.65 target price on the stock in a report on Wednesday, July 5th. Graybill Bartz & Assoc Ltd. lifted its holdings in shares of Verizon Communications by 1.5% in the 1st quarter.

Among 25 analysts covering Target Corporation (NYSE:TGT), 6 have Buy rating, 3 Sell and 16 Hold. It also reduced its holding in Starbucks Corp (NASDAQ:SBUX) by 13,994 shares in the quarter, leaving it with 66,303 shares, and cut its stake in Intuitive Surgical (NASDAQ:ISRG). The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.

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