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NYSE:VZ

Verizon Communications (VZ) Stock Price, News & Analysis

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$40.08
+0.62 (+1.57%)
(As of 06/18/2024 ET)
Compare
Today's Range
$39.70
▼
$40.18
50-Day Range
$38.62
▼
$41.56
52-Week Range
$30.14
▼
$43.42
Volume
17.02 million shs
Average Volume
18.78 million shs
Market Capitalization
$168.71 billion
P/E Ratio
14.96
Dividend Yield
6.64%
Price Target
$44.77
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

Verizon Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
11.7% Upside
$44.77 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.54mentions of Verizon Communications in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.61%
From $4.59 to $4.71 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Computer And Technology Sector

44th out of 585 stocks

Telephone Communication, Except Radio Industry

1st out of 17 stocks

See Top Rated MarketRank™ Stocks Here
VZ stock logo

About Verizon Communications Stock (NYSE:VZ)

Verizon Communications Inc. is the US's largest provider of mobile and telephone services. It has its roots in the original Bell system and is one of only 3 “baby Bells” to exist today. The company was spun off from the original Bell network as Bell Atlantic when it was split into 7 companies in 1984. The original home range was from New Jersey to Virginia but, ironically, shortly after the split the baby bells, including Bell Atlantic, began to merge together in order to expand their territories.

Bell Atlantic acquired NYNEX, another baby Bell, in a move that expanded operations into New York and New England. MCI was also added, expanding the long-distance services, then the company acquired until-then independent operator GTE and became a national carrier. The company changed its name to Verizon following the GTE merger and it is a blend of the Latin word veritas which means Truth and Horizon.

Over the years, Verizon has expanded its territory and its offerings to include mobile, internet and entertainment. Among the more notable were the purchase and merging of AOL and Yahoo! which were later spun off in a sale to Apollo Global Management. Among the more important changes the company has made was to sell off its land-based wirelines. Verizon began selling off its land-based wirelines in 2005 in order to focus more fully on mobile and Internet technology.

Today, Verizon offers communications, information technology, and entertainment products to consumers globally. The company operates in 2 key segments that include Consumer and Business. The Consumer segment provides wireless connectivity, internet access for mobile devices, and wireless and mobile devices including those for the IoT. As of the end of the year 2021, the company laid claim to more than 143 million retail subscribers and was the largest mobile provider by almost 30%.

The Business segment provides connectivity at the enterprise level that includes mobile, networking, Internet access, VOIP and video, security and IoT. As of 2021, this segment had more than 27 million wireless and 477,000 broadband connections. Both the Consumer and Business segments are being upgraded to the 5G protocol. At the end of 2022 more than 175 million users were covered by the service.

Verizon is the US's 24th largest company by revenue and a member of both the S&P 500 and the Dow Jones Industrial Average. The company has paid a dividend every quarter since it went public in 2000 and had increased the payment for 18 consecutive years as of 2022.



VZ Stock Price History

VZ Stock News Headlines

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June 17 at 7:05 AM | marketbeat.com
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June 18 at 1:00 PM | globenewswire.com
Verizon expands network capacity across Alaska
June 19, 2024 | Weiss Ratings (Ad)
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June 18 at 11:12 AM | reuters.com
Verizon uses GenAI to improve customer loyalty
June 18 at 9:30 AM | globenewswire.com
Verizon Business Recognized as a 2024 Gartner® Peer Insights™ Customers' Choice for IoT
June 18 at 9:00 AM | globenewswire.com
Verizon upgrades network along Jersey Shore to bolster public safety, handle massive data increase
June 18 at 9:00 AM | globenewswire.com
Verizon gives beach goers a boost with expanded 5G service in Myrtle Beach and Hilton Head, SC
June 17 at 2:00 PM | globenewswire.com
Verizon to report 2Q earnings July 22, 2024
June 19, 2024 | Weiss Ratings (Ad)
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Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
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June 13, 2024 | globenewswire.com
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June 13, 2024 | 247wallst.com
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June 13, 2024 | fool.com
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June 12, 2024 | globenewswire.com
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June 11, 2024 | americanbankingnews.com
Zacks Research Brokers Cut Earnings Estimates for Verizon Communications Inc. (NYSE:VZ)
June 9, 2024 | fool.com
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Company Calendar

Ex-Dividend for 5/1 Dividend
4/09/2024
Last Earnings
4/22/2024
Dividend Payable
5/01/2024
Today
6/18/2024
Ex-Dividend for 8/1 Dividend
7/10/2024
Next Earnings (Confirmed)
7/22/2024
Dividend Payable
8/01/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Computer and Technology
Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
Current Symbol
NYSE:VZ
CUSIP
92343V10
CIK
732712
Web
www.verizon.com
Phone
(212) 395-1000
Fax
212-571-1897
Employees
105,400
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$44.77
High Stock Price Target
$52.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.68
Trailing P/E Ratio
14.96
Forward P/E Ratio
8.73
P/E Growth
2.88
Net Income
$11.61 billion
Net Margins
8.44%
Pretax Margin
12.36%
Return on Equity
20.41%
Return on Assets
5.15%

Debt

Debt-to-Equity Ratio
1.42
Current Ratio
0.71
Quick Ratio
0.67

Sales & Book Value

Annual Sales
$133.97 billion
Price / Sales
1.26
Cash Flow
$9.01 per share
Price / Cash Flow
4.45
Book Value
$22.31 per share
Price / Book
1.80

Miscellaneous

Outstanding Shares
4,209,250,000
Free Float
4,207,992,000
Market Cap
$168.71 billion
Optionable
Optionable
Beta
0.42

Social Links

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Should I Buy Verizon Communications Stock? VZ Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Verizon Communications Inc.:

  • Verizon's strong presence in the telecommunications industry provides stability and consistent revenue streams.
  • Verizon's focus on expanding its 5G network can lead to increased market share and revenue growth.
  • Recent partnerships and acquisitions have positioned Verizon well for future growth opportunities.
  • Verizon's dividend yield offers investors a steady income stream, which is attractive for income-oriented investors.
  • Current stock price of Verizon is trading at an attractive valuation compared to its peers, presenting a potential value investment opportunity.

Cons

Investors should be bearish about investing in Verizon Communications Inc. for these reasons:

  • Intense competition in the telecommunications industry could pressure Verizon's margins and market share.
  • Regulatory changes and government policies can impact Verizon's operations and profitability.
  • High capital expenditure requirements for expanding and maintaining network infrastructure may limit short-term profitability.
  • Technological disruptions and shifts in consumer preferences could challenge Verizon's business model and growth prospects.
  • Verizon's debt levels should be monitored closely as high debt can constrain financial flexibility and increase risk.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Verizon Communications pros and cons to contact@marketbeat.com.

VZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VZ shares.
View VZ analyst ratings or view top-rated stocks.

What is Verizon Communications' stock price target for 2024?

14 Wall Street research analysts have issued twelve-month target prices for Verizon Communications' shares. Their VZ share price targets range from $39.00 to $52.00. On average, they anticipate the company's stock price to reach $44.77 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for VZ or view top-rated stocks among Wall Street analysts.

How have VZ shares performed in 2024?

Verizon Communications' stock was trading at $37.70 on January 1st, 2024. Since then, VZ stock has increased by 6.3% and is now trading at $40.08.
View the best growth stocks for 2024 here.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our VZ earnings forecast.

How can I listen to Verizon Communications' earnings call?

Verizon Communications will be holding an earnings conference call on Monday, July 22nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings results on Monday, April, 22nd. The cell phone carrier reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.03. The cell phone carrier earned $33 billion during the quarter, compared to analysts' expectations of $33.23 billion. Verizon Communications had a net margin of 8.44% and a trailing twelve-month return on equity of 20.41%. The firm's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS.
Read the conference call transcript.

How often does Verizon Communications pay dividends? What is the dividend yield for Verizon Communications?

Verizon Communications announced a quarterly dividend on Wednesday, June 5th. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.665 per share on Thursday, August 1st. This represents a $2.66 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Wednesday, July 10th.
Read our dividend analysis for VZ.

Is Verizon Communications a good dividend stock?

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.71%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 99.25%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, VZ will have a dividend payout ratio of 56.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

What ETFs hold Verizon Communications' stock?

ETFs with the largest weight of Verizon Communications (NYSE:VZ) stock in their portfolio include iShares U.S. Telecommunications ETF (IYZ), Invesco Dow Jones Industrial Average Dividend ETF (DJD), First Trust Morningstar Dividend Leaders Index (FDL), SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG), iShares Core High Dividend ETF (HDV), FT Vest DJIA Dogs 10 Target Income ETF (DOGG), TrueShares Low Volatility Equity Income ETF (DIVZ) and Vanguard Communication Services ETF (VOX).

What guidance has Verizon Communications issued on next quarter's earnings?

Verizon Communications updated its FY 2024 earnings guidance on Monday, April, 22nd. The company provided earnings per share guidance of 4.500-4.700 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of -.

What is Hans Vestberg's approval rating as Verizon Communications' CEO?

1,639 employees have rated Verizon Communications Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Verizon Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Verizon Communications investors own include AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and Home Depot (HD).

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.35%), Bank of New York Mellon Corp (0.68%), Price T Rowe Associates Inc. MD (0.55%), Capital Research Global Investors (0.54%), Capital World Investors (0.52%) and Raymond James & Associates (0.39%). Insiders that own company stock include Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Joseph J Russo, Kumara Guru Gowrappan, Kyle Malady, Samantha Hammock and Tami A Erwin.
View institutional ownership trends.

How do I buy shares of Verizon Communications?

Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Verizon Communications have any subsidiaries?
The following companies are subsidiares of Verizon Communications: AOL, AirTouch Cellular Inc., Alltel, Alltel Corporation, BAMS Communications LLC, Blue Jeans Network, BlueJeans Network, Bluegrass Cellular, Cellco Partnership, CloudSwitch, Complex, EdgeCast Networks, FleetMatics, GTE, GTE Wireless LLC, Hughes Telematics, Inceptor, Incubed IT, Jaunt, LQD WiFi, MCI Communications, MCI Communications Services LLC, Moment, Niddel, ProtectWise, Qwest Wireless Spectrum (Network Assets), Senion, Sensity Systems, Skyward, SocialRadar, Straight Path Communications, Telogis, Terremark Worldwide, TracFone Wireless, UpLynk, Verizon Americas LLC, Verizon Avenue, Verizon Business Network Services LLC, Verizon Delaware LLC, Verizon International Business Ventures Inc., Verizon International Inc., Verizon Maryland LLC, Verizon New England Inc., Verizon New Jersey Inc., Verizon New York Inc., Verizon Pennsylvania LLC, Verizon Ventures LLC, Verizon Virginia LLC, Vessel, Vidder, Volicon, WideOpenWest - Fiber-Optic Network, XO Communications, Yahoo!, and go90.
Read More
This page (NYSE:VZ) was last updated on 6/19/2024 by MarketBeat.com Staff

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