Ancora Advisors Lifted Verizon Communications (VZ) Stake By $568,645; Last Week ArcelorMittal (MT) Analysts

February 22, 2018 - By Richard Conner

Ancora Advisors Llc increased Verizon Communications Inc (VZ) stake by 7.44% reported in 2017Q3 SEC filing. Ancora Advisors Llc acquired 11,605 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Ancora Advisors Llc holds 167,678 shares with $8.30 million value, up from 156,073 last quarter. Verizon Communications Inc now has $196.20 billion valuation. The stock increased 0.29% or $0.14 during the last trading session, reaching $48.1. About 12.23M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 22, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 17 analysts covering Arcelormittal (NYSE:MT), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Arcelormittal had 55 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, April 20. JP Morgan upgraded ArcelorMittal (NYSE:MT) on Friday, March 31 to “Overweight” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, August 23. The firm has “Buy” rating by Cowen & Co given on Monday, July 17. The stock of ArcelorMittal (NYSE:MT) has “Underweight” rating given on Monday, April 18 by JP Morgan. On Thursday, January 4 the stock rating was maintained by Cowen & Co with “Hold”. The stock has “Buy” rating by Jefferies on Friday, June 23. JP Morgan upgraded the shares of MT in report on Friday, October 9 to “Overweight” rating. The firm has “Underperform” rating by Jefferies given on Wednesday, January 13. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, April 12. See ArcelorMittal (NYSE:MT) latest ratings:

20/02/2018 Broker: Bank of America Rating: Buy Upgrade
26/01/2018 Broker: J.P. Morgan Rating: Buy
10/01/2018 Broker: Bank of America Rating: Hold Upgrade
09/01/2018 Broker: Jefferies Rating: Buy New Target: $42.0 Maintain
04/01/2018 Broker: Cowen & Co Rating: Hold New Target: $35.0 Maintain
13/11/2017 Broker: Cowen & Co Rating: Hold New Target: $32.0 Maintain
24/10/2017 Broker: Cowen & Co Rating: Hold New Target: $27.0 Maintain
24/10/2017 Broker: Jefferies Rating: Buy New Target: $37.0 Maintain
22/09/2017 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
30/08/2017 Broker: Jefferies Rating: Buy New Target: $34.0 Maintain

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Illinois-based Css Ltd Liability Com Il has invested 0.05% in Verizon Communications Inc. (NYSE:VZ). Advantus Capital Management holds 0.55% or 426,206 shares in its portfolio. Proshare Lc has 0.23% invested in Verizon Communications Inc. (NYSE:VZ) for 515,296 shares. Retirement Sys Of Alabama invested in 0.72% or 2.79M shares. Quantum Capital Mngmt reported 20,923 shares or 0.24% of all its holdings. Davenport Ltd Co holds 949,576 shares. Trust Of Toledo Na Oh accumulated 75,636 shares or 0.95% of the stock. Geode Mgmt Limited Liability Co reported 39.85 million shares. Plancorp Limited Liability Corp reported 24,130 shares. Point72 Asset Ltd Partnership invested in 50,400 shares or 0.01% of the stock. Pine River Capital Limited Partnership has invested 0.09% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Arvest Natl Bank Tru Division accumulated 147,698 shares. Money Management Lc holds 0.18% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 5,365 shares. 91,902 are held by Convergence Investment Partners Limited Liability Company. Bath Savings Trust Co owns 36,817 shares for 0.49% of their portfolio.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Nomura maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Buy” rating. FBR Capital downgraded the stock to “Mkt Perform” rating in Wednesday, January 25 report. On Wednesday, January 25 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Raymond James downgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 25 to “Mkt Perform” rating. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 20. RBC Capital Markets has “Hold” rating and $52.0 target. The firm has “Hold” rating given on Thursday, August 10 by Oppenheimer. The rating was maintained by RBC Capital Markets with “Hold” on Friday, May 26. The firm has “Sector Outperform” rating by Scotia Capital given on Wednesday, October 21. The firm earned “Buy” rating on Thursday, January 19 by HSBC. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, October 11.

Since August 28, 2017, it had 0 insider buys, and 4 sales for $436,322 activity. SILLIMAN CRAIG L. sold $30,030 worth of Verizon Communications Inc. (NYSE:VZ) on Wednesday, September 27. The insider Skiadas Anthony T sold 6,967 shares worth $346,957.

Ancora Advisors Llc decreased Vishay Precision Group (NYSE:VPG) stake by 120,715 shares to 119,004 valued at $2.90M in 2017Q3. It also reduced Novelion Therapeutics Inc stake by 368,720 shares and now owns 139,261 shares. Wells Fargo Co New (NYSE:WFC) was reduced too.

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