Verizon Communications (NYSE:VZ) in the recent market movements has been observed to have its shares heavily dominated by institutional owners equating to about 63-64% of the total shares. In the past five years, investors have experienced a 5.0% and a 5.4% loss in different times, while other times it surpasses market estimates and gains, despite market upticks. One analyst estimates its stock going to $51. Major capital holders include Assenagon Asset Management and Brookstone Capital Management holding stakes worth millions. There has been a highlighted increasing interest in the stock, with Loring Wolcott & Coolidge Fiduciary Advisors, and M&G Plc increasing their holdings. Nonetheless, the stock also recorded dips despite market gains. Additionally, analysts expect the company's Q2 earnings might decline while the average price target from analysts is $45.78. The company ends 2023 and begins 2024 with strong cash flow and wireless customer growth, alongside robust wireless service revenue growth and broadband subscriber acceleration. The company received an upgrade from Citigroup and also beat Q2 earnings estimates. A noteworthy development is Caroline A. Litchfield's appointment to the board.
Verizon Communications VZ News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 11:04:26 GMT -
Rating 0
- Innovation -2
- Information 7
- Rumor 3
