Verizon-Charter Merger: Report Indicates Verizon Is Looking To Buy Charter

Before Earnings Announcement on 08/09/2016, the firm had its stock price of $236.82. HSBC Upgrades Verizon Communications Inc. Synovus Financial Corp now owns 297,956 shares of the cell phone carrier’s stock worth $15,470,000 after buying an additional 12,956 shares during the last quarter.

01/23/2017 – Verizon Communications Inc. had its “buy” rating reiterated by analysts at Citigroup. The name Time Warner will eventually be phased out and the company will be known as Charter Communications.

Orca Investment Management LLC lowered its stake in shares of Verizon Communications Inc.

Verizon has made an initial approach to officials close to Charter.

Additionally we note that just on Tuesday (1/24), VZ reiterated its prior comments that is would return to a pre Vodafone transition credit profile (2.0x leverage; single A credit rating) by 2018 2019 time frame.

Verizon Communications Inc. (NYSE:VZ) stock ended Wednesday session in the red zone in a volatile trading. (NYSE:VZ) to post net income of about $0.89 per share on $32,090.70M in revenue. The Company offers voice, data and video services and solutions on its wireless and wireline networks.

On 08/09/2016, the stock reported the EPS of $-0.86 where Analysts were projecting the EPS to be $-0.67 showing a difference of $-0.19.

EPS growth for this year is 80.70% and EPS growth for next year is expected to reach at 3.06%.

Verizon has a market capitalization of $194 billion and more than $100 billion in debt. The rumored takeover sent Charter shares surging. Verizon Communications Inc. has a 52-week low of 46.01 and a 52-week high of 56.95. That provision would allow investors to earn higher interest if the company’s credit ratings are cut after an acquisition.

Agilent Technologies, Inc. (NYSE:A) shares moved to $48.17 after starting the day at $48.42 on Thursday.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance.

01/24/2017 – Verizon Communications Inc. had its “market perform” rating reiterated by analysts at Cowen. Its weekly performance is 1.11% while year to date (YTD) performance is 5.73%.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 8.83% in the past one week and soared 14.71% during previous one month drive, the stock went up 29.60% during past quarter. The Relative Volume value measured for Verizon Communications Inc. There are now 3,898,509,826 shares in issue with the average daily volume traded being 14,117,722. Last year’s election did not produce the huge windfall of campaign ad spending to many big market stations, and the audience for local newscasts – the profit centers for stations – has been graying. Verizon Communications’s revenue for the quarter was down 5.6% compared to the same quarter previous year. The stock is showing its Operating Margin of 22.5 percent.