Verizon Adds 1.3 Million Wireless Customers, Narrowly Tops Earnings Estimates

Verizon Communications has a 52 week low of $38.06 and a 52 week high of $51.73.

Sell-side firms covering the company, have a 12-month price target of $51.764 on the stock. Verizon has predicted flat year-over-year earnings for 2016 as it does not see enough variables to deliver growth in the coming year. Oppenheimer reiterated a “buy” rating and issued a $54.00 target price on shares of Verizon Communications in a report on Wednesday, July 22nd. Now the company Insiders own 0.11% of Verizon Comm Company shares according to the proxy statements. The net money flow of the block trade stood at a $6.46, signaling heavy buying.

In its most recent, the quarter Verizon Communications Incorporated had actual sales of $ 32224M. It has underperformed by 7.10% the S&P500.

The Federal Communications Commission is investigating AT&T, Verizon, Century Link and Frontier Communications for alleged unfair business practices.

We’ve also learned that Verizon Communications Incorporated will report its next earnings on October 20, 2015. FiOS in general (including traditional phone service) accounted for $3.4 billion in revenue this quarter. Our consensus called for EPS of $1.02, and the company reported EPS of $1.04.

Verizon Communications Inc. rose 0.07% or 0.03 points on Friday and made its way into the gainers of the day. 115 funds bought stakes while 730 increased positions.

Verizon Communications Inc. is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, busines and governmental agencies. Moreover, Rathbone Brothers Plc has 9.23% invested in the company for 3.05 million shares. Cincinnati Indemnity Co, an Ohio-based fund reported 34,300 shares.

Key States to Note: In the reported quarter, Verizon added 1.289 million retail postpaid connections.

New revenue streams from the Internet of Things (IoT) totaled approximately $175 million in third-quarter 2015 and about $495 million year to date. Skiadas Anthony T sold 2,708 shares worth $137,404.

Postpaid churn, or the rate at which customers canceled service, improved slightly to 0.93% from 1% a year earlier. The company has a market cap of $181.45 billion. The Radio segment includes 23 markets, which includes all 92 of its radio stations and one radio information network. It has 18.5 P/E ratio. The Wireless segment comprises the Cellco Partnership doing business.

Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world’s leading providers of high-growth communications services. It operates in two primary segments: Verizon Wireless and Wireline.