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  • Verizon Communications Inc. (NYSE:VZ)’s request to temporarily lock new handsets for sixty days

Verizon Communications Inc. (NYSE:VZ)’s request to temporarily lock new handsets for sixty days

By on June 26, 2019 0

Verizon Communications Inc. (NYSE:VZ)’s request to temporarily lock new handsets for sixty days has been granted by the FCC in the form of a partial waiver. According to Verizon’s request, the top-ranked US carrier wanted to temporarily lock handsets in order to combat two different types of fraud. The first kind of fraud refers to those who steal handsets from new users, then use them on any network.

Verizon Communications Inc. (NYSE:VZ) shares fell -0.46% to finally closed at $58.00 in last active session. 

VZ’s distance from 20 day simple moving average is 1.34% and distance from 50-Day simple moving average is 1.00%.

Analyst’s mean target price for VZ is $59.71 while analysts mean recommendation is 2.50. Stock value has moved between $49.15 – 61.7 in last one year. Stock has got OUTPERFORM rating from 5 of Thomson Reuters analysts, 17 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for VZ is $59.71 while analysts mean recommendation is 2.50. 

Verizon Communications Inc. (NYSE:VZ) yearly performance is 16.56% and net profit margin is 12.20%. Annual EPS Growth of past 5 years is -1.20%. The current share price indicates that stock is -5.81% away from its one year high and is moving 18.34% ahead of its 52-week low. 



On 25 June 2018, Visa Inc. (NYSE:V) shares fell -1.48% and ultimately finalized to $171.28 in last traded day. Stock has got OUTPERFORM rating from 18 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for V is $181.49 while analysts mean recommendation is 1.70. 



At the movement Urstadt Biddle Properties Inc. (NYSE:UBP) is under coverage by number of analysts. Buy rating has been given by 0 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 3 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is 0.24 and their mean rating for the stock is 3 on scale of 1-5. 

If we look at stock performance in last active day trading, we see that stock has moved ticked up 0.35% to end the day at $17.05. The current share price indicate that stock is -7.84% away from its one year high and is moving 15.59% ahead of its 52-week low. 

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