Shares of Verizon Communications Inc. (VZ) Sees Large Inflow of Net Money Flow

Verizon Communications Inc. (VZ) traded negative at $48.68. On an intraday basis, the price dropped -0.33 points or -0.67%. The composite uptick value was $90.48 million while the combined downtick value was $83.14. The net money flow was $7.35 million while the up/down ratio was not very comforting at 1.09. The shares on a weekly note has seen a change in share price of -1.85%.According to the trading data, the shares saw a block trade with $40.32 million in upticks and $33.99 million in downticks. The up/down ratio for the block was calculated to be 1.19. The net money flow for the block trade was 6.33.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Verizon Communications Inc. has lost 2.77% in the last five trading days and dropped 8.38% in the last 4 weeks. Verizon Communications Inc. is up 1.68% in the last 3-month period. Year-to-Date the stock performance stands at -8.38%. Verizon Communications Inc. (NYSE:VZ) witnessed a decline in the market cap on Wednesday as its shares dropped 1.27% or 0.62 points. After the session commenced at $49.34, the stock reached the higher end at $49.37 while it hit a low of $48.25. With the volume soaring to 26,004,051 shares, the last trade was called at $48.39. The company has a 52-week high of $56.95. The company has a market cap of $197,268 million and there are 4,076,634,000 shares in outstanding. The 52-week low of the share price is $46.01.

Company has reported several Insider transactions to the SEC, on Nov 28, 2016, Craig L. Silliman (EVP of PubPolicy & Gen Counsel) sold 668 shares at 49.29 per share price.On Feb 26, 2016, Diego Scotti (EVP & Chief Marketing Officer) purchased 800 shares at 50.75 per share price.On Aug 11, 2015, Marni M Walden (EVP&Pres of Prod Innov&New Bus) sold 8,229 shares at 46.26 per share price.

Verizon Communications Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.86 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.89. The company had revenue of $32340.00 million for the quarter, compared to analysts expectations of $32123.16 million. The companys revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Verizon Communications was Downgraded by FBR & Co. on Jan 25, 2017 to Mkt Perform, Price Target of the shares are set at $52.Verizon Communications was Downgraded by RBC Capital Mkts on Jan 25, 2017 to Sector Perform, Lowers Price Target to $ 51 from a previous price target of $54 .Verizon Communications was Downgraded by Raymond James to Mkt Perform on Jan 25, 2017. Verizon Communications was Downgraded by Wells Fargo to Market Perform on Jan 23, 2017. Verizon Communications was Initiated by HSBC Securities to Buy on Jan 19, 2017.

Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the worlds leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the worlds largest provider of print and on-line directory information.


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