Verizon Communications Inc. (NYSE:VZ) was downgraded by
analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market
perform” rating in a research report issued on Wednesday.
Shares of Verizon Communications (NYSE:VZ) opened at 55.70
on Wednesday. The company has a market cap of $227.05 billion and a P/E ratio
of 12.63. The firm has a 50 day moving average price of $53.99 and a 200-day
moving average price of $51.40. Verizon Communications has a 12 month low of
$38.06 and a 12 month high of $56.95.
Verizon Communications (NYSE:VZ) last issued its quarterly
earnings results on Thursday, April 21st. The cell phone carrier reported $1.06
EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The firm
earned $32.20 billion during the quarter, compared to the consensus estimate of
$32.49 billion. During the same quarter last year, the firm earned $1.02
earnings per share. The business’s revenue for the quarter was up .6% on a
year-over-year basis. Analysts anticipate that Verizon Communications will post
$3.88 earnings per share for the current fiscal year.
Source: American Banking and Market News