Ride Out The Next Market Storm With Verizon Communications Inc. (VZ), GameStop Corp. (GME)

    The shares of Verizon Communications Inc. (NYSE:VZ) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on July 8th, 2019. The research company has also assigned a $62 price target. Citigroup wasn’t the only research firm that published a report of Verizon Communications Inc., with other equities research analysts also giving their opinion on the stock. UBS advised investors in its research note published on May 30th, 2019, to Neutral the VZ stock. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on December 12th, 2018. The stock was given Neutral rating by JP Morgan in its report released on December 3rd, 2018. Morgan Stanley was of a view that VZ is Overweight in its latest report on October 29th, 2018 while giving it a price target of $58. MoffettNathanson thinks that VZ is worth Neutral rating. This was contained in the firm’s report on September 4th, 2018.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 18 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $59.95. The price of the stock the last time has raised by 6.58% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 45.58.

    The shares of the company dipped by -1.15% during the trading session on Wednesday, reaching a low of $55.49 while ending the day at $55.72. During the trading session, a total of 14.99 million shares were traded which represents a -12.12% decline from the average session volume which is 13.37M shares. VZ had ended its last session trading at 56.37. Verizon Communications Inc. currently has a market cap of $230.61B, while its P/E ratio stands at 14.56, while its P/E earnings growth sits at 1.76, with a beta of 0.51. Verizon Communications Inc. debt-to-equity ratio currently stands at 2.00, while its quick ratio hovers at 0.80. VZ 52-week low price stands at $52.28 while its 52-week high price is $61.58.

    The company in its last quarterly report recorded $1.20 earnings per share which is above the $1.17 predicted by most analysts. The Verizon Communications Inc. generated $32,128.00 million in revenue during the last quarter, which is slightly lower than the $32,149.90 million predicted by analysts. In the second quarter last year, the firm recorded $1.12 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 6.67%. Verizon Communications Inc. has the potential to record 3.83 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at The Benchmark Company published a research note on June 5th, 2019 where it informed investors and clients that GameStop Corp. (NYSE:GME) is now rated as Sell. Their price target on the stock stands at $5. UBS also rated GME as Downgrade on May 30th, 2019, with its price target of $46 suggesting that GME could surge by 49.31% from its current share price. Even though the stock has been trading at $3.47/share, analysts expect it to surge higher by -4.32% to reach $6.55/share. It started the day trading at $3.42 and traded between $3.19 and $3.32 throughout the trading session.

    A look at its technical shows that GME’s 50-day SMA is 4.74 while its 200-day SMA stands at 9.93. At the moment, only of GameStop Corp. shares were sold short. The company’s average trading volume currently stands at 6.37M shares, which means that the short-interest ratio is just 10.50 days. Over the past seven days, the company moved, with its shift of -12.86%. Looking further, the stock has dropped -61.80% over the past 90 days while it lost -71.05% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more GME shares, increasing its portfolio by +0.62% during the last quarter. This move now sees Fidelity Management Research Co purchasing 93,245 shares in the last quarter, thus it now holds 15,119,231 shares of GME, with a total valuation of $60,779,309. BlackRock Fund Advisors meanwhile bought more GME shares in the recently filed quarter, changing its stake to $57,160,899 worth of shares. The Vanguard Group Inc followed the path by increasing its GME portfolio by +2.32% in the quarter. This means that The Vanguard Group Inc bought 237,990 shares in the last quarter and now controls 10,501,268 shares of the GME stock, with the valuation hitting $42,215,097.

    Similarly, Renaissance Technologies LLC increased its GameStop Corp. shares by +905.91% during the recently filed quarter. After buying 4,617,446 shares in the last quarter, the firm now controls 5,127,146 shares of GameStop Corp. which are valued at $20,611,127. In the same vein, SSgA Funds Management Inc decreased its GameStop Corp. shares by during the most recent reported quarter. The firm sold -10,692 shares during the quarter which decreased its stakes to 3,530,007 shares and is now valued at $14,190,628. Following these latest developments, around 2.50% of GameStop Corp. stocks are owned by institutional investors and hedge funds.