Verizon Communications Inc. (NYSE:VZ) was downgraded by Jefferies Group to a “hold” rating in a research report issued on Thursday, AnalystRatings.NET reports.
Verizon Communications (NYSE:VZ) opened at 53.52 on Thursday. Verizon Communications has a 12 month low of $38.06 and a 12 month high of $54.49. The firm’s 50-day moving average is $52.45 and its 200 day moving average is $47.58. The stock has a market capitalization of $218.03 billion and a P/E ratio of 12.25.
Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Thursday, January 21st. The cell phone carrier reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. During the same period in the prior year, the firm posted $0.71 EPS. The business earned $34.30 billion during the quarter, compared to analyst estimates of $34.06 billion. Verizon Communications’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Verizon Communications will post $3.99 earnings per share for the current year.
Source: American Banking and Market News