Verizon Communications Inc. (VZ) FiOS Customers Can Now Stream DVR Recordings Anywhere – Stock Down Slightly in Pre-market

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Verizon Communications Inc. (NYSE:VZ) used to be known for their telecommunications service, but the company has been expanding its horizons as of late. Now they have announced that their constomers who have the FiOS Quantum TV service as well as FiOS internet service will be able to stream their DVR recorders to their mobile devices.

Verizon Communications Inc.’s (NYSE:VZ) latest FiOS app is now available to download for both Android and iOS devices, and provides users with the ability to play, rewind, and pause their live TV shows. Additionally, users can now access on-demand shows and movies, as well have the option to manage their DVR recordings.

Shares of Verizon (VZ) stock were trading down slightly in pre-market trading this morning, as this news probably isn’t influencing investors one way or another.

The stock closed at $45.45 during the last trading session. It is down 8.40% since May 12, 2015 and is downtrending. It has underperformed the S&P500 by 4.73%.

From a total of 11 analysts covering Verizon Communications Inc. (NYSE:VZ) stock, 5 rate it a “Buy”, 1 a “Sell”, and 5 a “Hold”. This means that 45% of the ratings are positive. The highest target price is $54 while the lowest target price is $44. The mean of all analyst targets is $50.06 which is 10.14% above today’s ($45.45) stock price. Verizon Communications Inc. was the topic of 15 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 21 with a “Neutral” rating. Zacks upgraded shares to a”Hold” rating and a $53 target share price in their report from an August 14. Argus Research maintained VZ stock in a recent report from October 21 with a “Buy” rating. Vetr downgraded the rating on August 11. Vetr has a “Buy” rating and a $48.62 price target on shares. Finally, Nomura initiated the stock with a “Neutral” rating in a report they issued on an October 16.

The institutional sentiment increased to 1.19 in Q2 2015. It’s up 0.05, from 1.14 in 2015Q1. The ratio is positive, as 70 funds sold all their Verizon Communications Inc. shares they owned while 674 reduced their positions. 115 funds bought stakes while 730 increased their total positions. Institutions now own 2.52 billion shares which is 7.83% less than the previous share count of 2.73 billion in 2015Q1.

American Investment Services Inc. holds 10.03% of its total portfolio in Verizon Communications Inc., equating to 403,199 shares. Quaker Capital Investments Llc owns 332,538 shares representing 9.79% of their total US portfolio. Moreover, Rathbone Brothers Plc has 9.23% of their total portfolio invested in the company, equating to 3.05 million shares. The Alabama-based 10 has a total of 8.55% of their portfolio invested in the stock. Cincinnati Indemnity Co, a Ohio-based fund reported 34,300 shares owned.

Since May 1, 2015, the stock had 0 buys, and 1 sale for a total of $380,674 in net activity. Walden Marni M sold 8,229 shares worth $380,674. Skiadas Anthony T sold 2,708 shares worth $137,404. Mead Daniel S. sold 24,945 shares worth $1.26M.

Verizon Communications Inc. is a holding firm that, acting through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. The company has a market cap of $184.89 billion. The Company’s divisions include Wireless and Wireline. It has 18.08 P/E ratio. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless.

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