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Institutional investors boosted Verizon shares in Q3 as earnings slightly beat estimates, but revenue missed forecasts.
Institutional investors increased their stakes in Verizon Communications, with Wedge Capital Management and Viking Fund Management adding shares in Q3, while the company reported $1.21 EPS, slightly above estimates, and $33.82B in revenue, up 1.5% YoY but below forecasts.
The stock traded at $39.83 with a 6.9% dividend yield, a market cap of $167.92B, and a "Moderate Buy" consensus rating.
Analysts issued mixed ratings, with some downgrades and adjusted targets, but the average price target remains $47.47.
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Los inversionistas institucionales aumentaron las acciones de Verizon en el tercer trimestre, ya que las ganancias superaron ligeramente las estimaciones, pero los ingresos no alcanzaron las previsiones.