Verizon's profit sinks as it loses wireless subscribers

Verizon is seen at a retail store in San Diego California

About 58,603 shares traded. It has underperformed by 14.86% the S&P500.

Depending on the earnings numbers reported, Verizon Communications Inc. Therefore 29% are positive. Slate Office REIT has $9 highest and $7.30 lowest target. With the last stock price close down -2.89% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Verizon Communications had a net margin of 10.42% and a return on equity of 72.75%. If they didn't, they would lose market share. 12,495 Verizon Communications Inc. There is no concrete way to calculate a price target. Vetr has "Buy" rating and $48.62 target. As per Tuesday, August 11, the company rating was upgraded by MoffettNathanson.

03/06/2017 - Verizon Communications Inc. had its " rating reiterated by analysts at BTIG Research. (VZ) to Market Perform with no specific Price Target on 1/25/17. Moving average strategies are also popular and can be tailored to any time frame, suiting both long term investors and short-term traders.

The largest USA wireless carrier shed 307,000 customers in the period, dragging down sales and profit and sending shares sinking early Thursday in NY. The cell phone carrier reported $0.86 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.89 by $0.03.

A number of equities research analysts have recently weighed in on VZ shares. LLP raised its position in shares of Verizon Communications by 0.3% in the fourth quarter. (NYSE:VZ) for 5,437 shares. Finemark State Bank & stated it has 209,182 shares or 0.89% of all its holdings.

01/25/2017 - Verizon Communications Inc. was downgraded to " by analysts at RBC Capital. A "Buy" rating does not mean that every investor should acquire the stock.

Bb&T Securities Llc decreased Johnson & Johnson (NYSE:JNJ) stake by 15,091 shares to 1.02M valued at $119.57M in 2016Q4. Lvw Advisors Limited Liability Corp owns 1.07% invested in Verizon Communications Inc.

Verizon Communications Inc. (VZ) closed -1.65% below its 200-day moving average and is 0.97% above another chart threshold, its 50-day moving average. Pacific Crest restated an "equal weight" rating on shares of Verizon Communications in a research report on Tuesday, January 24th. Letko Brosseau Assoc Inc reported 2.21% of its portfolio in Verizon Communications Inc. The company has market cap of $197.15 billion. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. CCI, a leading wireless communication tower operator in the US recently inked a deal to acquire privately-held Wilcon Holdings LLC (Wilcon) for approximately $600 million from Pamlico Capital and other unit holders of Wilcon.

02/13/2017 - Verizon Communications Inc. had its " rating reiterated by analysts at Wells Fargo.

Average revenue per account, including device payments, increased by only $1, to $166 from $165 in the year-ago period. (VZ) produced 74.56 Billion profit.

Verizon shares dropped this morning as the results fell short of analysts' expectations. See Verizon Communications Inc.

Since October 26, 2016, it had 0 insider buys, and 7 selling transactions for $2.88 million activity. The average volume stands around 15.41 million shares. 32,254 Verizon Communications Inc. Shares for $543,385 were sold by Gurnani Roger on Thursday, February 23. SILLIMAN CRAIG L. had sold 668 shares worth $32,926 on Monday, November 21. Analysts play a useful role in our capital markets. (NYSE:VZ). 46,358 were accumulated by Cadence Bancshares Na. It now has negative earnings.

Related News:

  • Patriots respond to comparison photo showing team with Obama versus Trump

    Patriots respond to comparison photo showing team with Obama versus Trump

    A reported 34 members of the Patriots visited the Trump White House on Wednesday in celebration of winning Super Bowl 51. He said almost 50 players attended the event in 2015 when Obama hosted.
    Google Home's assistant can now recognize different voices

    Google Home's assistant can now recognize different voices

    Google Home can also order items from more than 50 retailers across the United States by voice and set flight tracking alerts . With support for multiple accounts, Google Home can pull up personalized information like playlists and calendar events.
    Customer service a priority for new Rogers CEO

    Customer service a priority for new Rogers CEO

    The fund acquired 3,800 shares of the Wireless communications provider's stock, valued at approximately $168,000. The company's revenues were $ 3.338 billion, up from $ 3.24 billion in the first quarter of past year .
  • United Airlines can't say if video has hit sales

    United Airlines can't say if video has hit sales

    Dao refused to give up his seat because he needed to return to Kentucky to see patients Monday, according to his lawyer. ABC News reports that United has reviewed and changed its policy regarding removing passengers from overbooked planes.
    Apple iPhone 8 Major Update Causes Delay

    Apple iPhone 8 Major Update Causes Delay

    Apple's next iPhone could have some big design tweaks in store, if a recently leaked schematic is any indication. Apple said that it will soon stop mining, and manufacture iPhones and iPads from only green materials.
    73-Year-Old Lauren Hutton Featured In Calvin Klein Underwear Ad

    73-Year-Old Lauren Hutton Featured In Calvin Klein Underwear Ad

    The women's underwear campaign comes hot on the heels of the men's, which featured the cast of Oscar-winning movie Moonlight . Style icon and legendary supermodel Lauren Hutton is pictured here in her garden at home in Venice, California.
  • Oil struggles for direction as United States  output concerns persist

    Oil struggles for direction as United States output concerns persist

    West Texas Intermediate (WTI) crude futures had risen 31 cents, or 0.61 percent, to $50.75 a barrel. Distillate stocks reached their lowest levels since November 2015, the EIA said.
    Facebook will soon let you type with your brain

    Facebook will soon let you type with your brain

    According to a report from CNET , the company's CEO Mark Zuckerberg unveiled Building 8 in last year's F8 developer conference . Facebook revealed more details about its Building 8 , and what sort of futuristic projects it is developing.
    VA tests partnership with CVS to reduce veterans' wait times

    VA tests partnership with CVS to reduce veterans' wait times

    "I applaud the VA for increasing its transparency by making patient wait times and care data available online", Rutherford noted. According to the VA website, the average wait time for a new patient to see a primary care doctor in Sioux Falls is 16 days.
  • Lyon, Besiktas to be banned from European competition if violent scenes repeated

    Lyon, Besiktas to be banned from European competition if violent scenes repeated

    Leandro Trossard levelled just four minutes later but it was not enough to dent the Spaniards' charge to the last four. In Belgium, Pione Sisto's solo goal sealed Celta Vigo's place alongside United and Ajax after they edged out Genk .

    France promises proof Assad regime behind chemical attack

    Russian Federation and Syria have claimed conventional Syrian weaponry struck a rebel chemical weapons depot, causing the tragedy. He told media Syria's military gave up all its chemical weapons in 2013 "and would not have used then anyway".
    Rio Tinto 1Q FY17 production impacted by Cyclone Debbie

    Rio Tinto 1Q FY17 production impacted by Cyclone Debbie

    The company was maintained on Thursday, October 29 by Cowen & Co. 1/18/2017-HSBC Holdings plc Reiterated Rating of Buy. Rio Tinto's copper business has suffered a heavy hit thanks to strife at its Brazilian and Indonesia operations.


Most liked

Regulators sue Ocwen Financial, say it mishandled mortgages
Florida Attorney General Pam Bondi (R) on Thursday filed a separate federal suit against Ocwen before the same court. Ocwen said it would respond to the state mortgage regulators after reviewing their orders.

Trump to attend ASEAN, APEC Summits this year
The US is one of the dialogue partners of ASEAN along with China, India, Japan, New Zealand, Russia, Australia and South Korea. According to Paynor, Widodo's visit will be in reciprocation to the state visit of Duterte to Indonesia last September.

WisdomTree Investments, Inc. (WETF) Closed its Previous Trade at $8.44
If you are accessing this report on another site, it was illegally stolen and republished in violation of global copyright laws. The mean estimate of short term price target for WETF's stock is marked at $9.94 according to consensus agreement of Analysts.

Theresa May seeks Parliament's approval for snap election
Britain will go to the polls on June 8, after MPs cleared the way for an early general election. She said she preferred "to get out and about and meet voters" instead.

Bank Of New York Mellon Delivers Double-digit EPS Growth In Q1
Commerzbank Aktiengesellschaft FI boosted its stake in shares of Bank of New York Mellon Corp by 101.6% in the fourth quarter. Company's distance from 20 day simple moving average is -1.26% and distance from 50-Day simple moving average is -1.25%.

Sky says United Kingdom customer defections steady in Q3
Sky hopes the United Kingdom government will approve its takeover by Twenty-First Century Fox next month. It reported an 11% fall in operating profit to a little over £1bn.

Workers relieve pressure on leaking Alaska oil well
The BP-owned well was also leaking crude oil, which stopped after authorities activated a safety valve yesterday (April 16). The oil company will ultimately have to "kill the well", an expensive and risky process that stops the extraction process.

Withholding CSR Funds Could Push More Health Plans Out
To receive the waiver, though, states must set up a high-risk insurance pool or participate in the federal high-risk pool. And there are few signs that an emerging plan to get the bill on track is gaining enough votes to succeed.

Petrol bunks to be shut on Sundays from May 14
Nareddi said trucks, other four wheelers and bikes have sufficient fuel tank capacity to store fuel for a travel of 300 to 500 km. He also added that, "Prime Minister Narendra Modi has urged people to follow traffic rules and also save petrol and diesel".

Fox News addresses O'Reilly exit on air
O'Reilly's fans aren't likely to be happy about him losing his job, particularly on a controversy set in motion by the Times . Newsmax TV, Glenn Beck's The Blaze and Sinclair Broadcasting have also been mentioned as possible suitors for O'Reilly.

Bose wireless headphones are spying on users, lawsuit claims
For instance, someone who listens to Muslim prayers and services through his headphones or speakers is most likely a Muslim. It claims that Bose Connect collects listening data on users, including the titles of the tracks that they're listening to.

Bruce powers Mets past Phillies 5-4 to stop 4-game slide
Collins said he'd like to get Familia into a game right away, but the reliever might be eased back in with a setup role at first. With Wednesday night's pair of home runs, Bruce has now hit six on the season - four of which have given the Mets the lead.

Sony launches impressive new Alpha A9 mirrorless full-frame camera
The Sony α9 full-frame mirror-less camera is the latest addition to the company's hugely popular interchangeable camera line-up. Said one panelist, noting the plethora of features on the 9 and its companion lens, "this camera is one-stop shopping".

Eli Manning gets heated while denying fake memorabilia accusations
I've tried to do everything with class and be a standup citizen. "I'm handling it", Manning said. The alleged fake memorabilia scheme dates to at least 2004, Manning's rookie year.

Prince's new music released almost a year after his death
As RMA announced the posthumous release and news spread on Tuesday, the silence from Prince's estate was deafening. A USA judge has blocked a planned release of new Prince music on the first anniversary of his death this week.