Shares of Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -2.53% to close at $53.26. According to a recent report by FierceWireless, U.S. telecom behemoth Verizon Communications Inc. VZ announced its plans to put an end to the two-year service contracts for both its new and existing customers. The company further made it mandatory for all customers to sign up for its equipment installment plans (EIPs). However, several analysts believe that the main motive of Verizon behind the hike in upgradation fees is to enjoy some profits in the New Year.
This is not the first time that Verizon has forged ahead with such dumping plans. In Aug 2015, Verizon had made a similar discontinuance of service contracts to new customers and offered them to only those existing customers who wanted to use the plans.
Lets us look over what analysts have to say about performance of the VZ. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $0.90 as compared to the next year Q1 current trend of $1.03. While on annual basis the current EPS estimates trend for FY 2017 came in for $4.02 as compared to three months ago $4.02.
The stock prices target chart showed high target of 60.01 kept by analysts at WSJ while the average price target was for 52.30 as compared to current price of 53.26. Somehow, the stock managed to gain BUY ratings by 9 analysts in current tenure as 1 analyst having overweight ratings, 17 recommend as HOLD, 1 stands at Underweight. Overall, the consensus ratings were for Overweight by the pool of analysts.
Moving forward to saw long-term intention, the experts calculate Return on Investment of 18.40%. The stock is going forward its fifty-two week low with 25.57% and lagging behind from its 52-week high price with -4.46%. VZ last month stock price volatility remained 1.23%.
Telefonica, S.A. (NYSE:TEF) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.10% to 9.65 with around 2.64 Million shares have changed hands in this session. Finally to see some strong financial remarks by WSJ over TEF performance. Out of the pool of analysts 12 gave their BUY ratings on the stock in previous month as 12 analysts having BUY in current month. The stock was ranked as Underweight by 2 analysts while 2 analysts gave SELL rank. Majority ranked Overweight from the pool of analysts.
The next year first quarter EPS estimates trend for current period shows $0.17 while one month ago this estimate trend was for $0.17. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $0.78 and for the one month was for $0.79 as compared to three months ago was for $0.83. Whereas, TEF received highest price target of 15.07 and low target of 7.86. The stock price target chart showed average price target of 10.91 as compared to current price of 9.65.
The stock is going forward its fifty-two week low with 20.62% and lagging behind from its 52-week high price with -8.22%. Similar, the positive performance for the quarter recorded as 1.82% and for the year was -0.51%, while the YTD performance remained at 4.89%. TEF has Average True Range for 14 days of 0.14.