Verizon stuck in neutral as rivals shift

Verizon stuck in neutral as rivals shift

The institutional investor held 59,012 shares of the telecommunications equipment company at the end of 2017Q2, valued at $2.64 million, up from 46,638 at the end of the previous reported quarter. The stock rose 2.64% or $1.28 reaching $49.92.

As for the outlook, Verizon said revenue will be on par with 2016. It has underperformed by 25.18% the S&P500.

Suncor Energy Inc.is an integrated energy company. Insiders own 0.13% of the company's stock. The firm has a market capitalization of $204.07 billion, a price-to-earnings ratio of 12.860 and a beta of 0.56. Suncor Energy Inc. (USA) (NYSE:SU) has risen 22.43% since October 19, 2016 and is uptrending.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It turned negative, as 90 investors sold VZ shares while 700 reduced holdings. Peoples Corp holds 0.05% or 1,215 shares. State Of Wisconsin Invest Board reported 4.93 million shares. Yorktown And Rech Co holds 1.96% or 137,400 shares.

Comerica Bank decreased Verizon Communications (VZ) stake by 0.76% reported in 2017Q2 SEC filing. (NYSE:VZ). Numeric Investors Lc owns 926,775 shares or 0.37% of their U.S. portfolio.

There have also been ongoing reports of a potential tie-up between T-Mobile and Sprint, a proposition that would create a massive competitor for Verizon, although a deal between T-Mobile and Sprint has yet to materialize. Balentine LLC raised its stake in shares of Verizon Communications by 1.7% in the second quarter. First Personal Financial Svcs invested in 0.12% or 8,379 shares. Abner Herrman & Brock Ltd Liability Company owns 0.63% invested in Verizon Communications Inc. (NYSE:VZ) news were published by: Valuewalk.com which released: "Verizon Communications Inc". Vantage Inv Ltd Liability Com holds 0.23% or 17,546 shares in its portfolio. Louisiana-based Summit Fincl Wealth Limited Liability Co has invested 0.79% in Verizon Communications Inc.

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VZ has been the subject of a number of research reports.

FiOS revenue grew 4.8 percent to $2.9 billion.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Thursday, October 19th. 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 23% are positive. The stock of Verizon Communications Inc. (NYSE:VZ) earned "Neutral" rating by Nomura on Friday, October 16. Robert W. Baird maintained the stock with "Hold" rating in Wednesday, October 4 report. As per Wednesday, July 20, the company rating was downgraded by Oppenheimer. (NYSE:VZ) has "Outperform" rating given on Wednesday, October 21 by FBR Capital.

Among 26 analysts covering Verizon Communications Inc. "However, he added, Verizon's long-term growth potential remains uncertain, as its investments in new business platforms are still nascent and its vision for 5G is developing". More interesting news about Verizon Communications Inc. "(VZ) Ex-Dividend Date Scheduled for October 06, 2017" published on October 05, 2017, Prnewswire.com published: "Verizon Communications to report earnings October 19" on October 18, 2017. The ex-dividend date is Friday, October 6th.

Since May 1, 2017, it had 0 buys, and 2 selling transactions for $781,618 activity. Comerica Bank sold 10,526 shares as Verizon Communications (VZ)'s stock declined 7.66%. Citigroup Inc. had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of SCANA Corporation (NYSE:SCG) earned "Sell" rating by Guggenheim on Friday, July 28. The rating was maintained by Morgan Stanley on Tuesday, July 11 with "Underweight". Morgan Stanley downgraded the stock to "Underweight" rating in Wednesday, June 15 report. Barclays Capital has "Hold" rating and $4700 target. During the same period past year, the firm earned $0.94 EPS. SCG's profit will be $161.43M for 10.76 P/E if the $1.13 EPS becomes a reality. Those results were a penny better than Wall Street estimates.

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