Verizon loses wireless customers for first time

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Verizon has started conducting 5G wireless network trials in 11 US cities and plans to deploy its fixed wireless version in 2018. Verizon said it would have lost even more customers if it hadn't launched the unlimited plan. The company is aiming to deploy small cells using 3.5GHz spectrum. (NYSE:VZ) has declined 6.37% since September 12, 2016 and is downtrending. They now have a United States dollars 49 price target on the stock.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.67 on the shares of Verizon Communications Inc. A "Buy" rating does not mean that every investor should acquire the stock. Verizon Communications now has an average rating of "Hold" and a consensus target price of $54.23.

Verizon Communications Inc. shares increased 0.31 percent over the past week and fell -1.29 percent over the previous month.

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FRESENIUS SE & COMPANY KG (OTCMKTS:FSNUF) had a decrease of 0.05% in short interest. The 52 week high shares of Verizon Communications Inc. have reached is 56.95 whilst the 52 week low for the company's shares is 46.01. The firm has a market capitalization of $198.21 billion, a PE ratio of 15.15 and a beta of 0.43. The company's 50-day moving average is $49.48 and its 200 day moving average is $50.07. Rfg Advisory Group Inc Ltd holds 0.44% or 13,421 shares in its portfolio. Imagine being in the first wave of investors to jump on a company with nearly unlimited growth potential?

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Tuesday, January 24th. The carrier reported a 57% year-over-year growth in LTE traffic. Verizon Communications had a return on equity of 72.75% and a net margin of 10.42%. The business earned $29.81 billion during the quarter, compared to the consensus estimate of $30.41 billion. A year ago during the same period, it added 640,000 subscribers.

At the end of the first quarter of 2017, Verizon had 113.913 million retail subscribers, up 1.2% year over year. Analysts forecast that Verizon Communications Inc. will post $3.83 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st.

The 4.74% yield which is high for a telecom stock. The ex-dividend date of this dividend was Friday, January 6th. Verizon Communications's payout ratio is now 71.74%. If you are accessing this report on another domain, it was copied illegally and reposted in violation of US and worldwide trademark and copyright laws. If you are accessing this piece on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/04/20/verizon-communications-inc-vz-rating-lowered-to-sell-at-zacks-investment-research-updated.html. The company traded a volume of 18.84 million shares as comparison to average volume of 15.61 million shares. The company traded a volume of 11.21 million shares over average volume of 8.31 million shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marni M. Walden sold 32,254 shares of the company's stock in a transaction on Monday, February 27th. Following the transaction, the executive vice president now directly owns 10,259 shares in the company, valued at approximately $509,461.94. The disclosure for this sale can be found here.

Presently General Motors Company (NYSE:GM) stock have an ABR of 2.33. Excluding certain items, Verizon earned 95 cents a share. Verizon Communications Inc. (NYSE:VZ) distance from 20 day simple moving average is -0.50% whereas its distance from 50 day simple moving average is -0.19% along with -2.92% distance from 200 day simple moving average. Lowe fs LLC now owns 2,426 shares of the cell phone carrier's stock worth $126,000 after buying an additional 70 shares during the period. The cell phone carrier reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.03. It has 4080.00 million of outstanding shares and its shares float measured at 4078.65. NA boosted its stake in shares of Verizon Communications by 3.7% in the third quarter. Finally, Private Trust Co. Wells Fargo Downgrades Verizon Communications Inc. The analysts offering Earnings Estimates for the company were believing that Verizon Communications Inc.

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