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Verizon Communications (VZ) Stock Price, News & Analysis

$39.90
-0.52 (-1.29%)
(As of 02/8/2024 ET)
Today's Range
$39.44
$40.37
50-Day Range
$36.99
$42.49
52-Week Range
$30.14
$43.21
Volume
19.52 million shs
Average Volume
23.85 million shs
Market Capitalization
$167.76 billion
P/E Ratio
14.46
Dividend Yield
6.67%
Price Target
$44.62

Verizon Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
11.8% Upside
$44.62 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.94mentions of Verizon Communications in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$1.02 M Sold Last Quarter
Proj. Earnings Growth
2.17%
From $4.60 to $4.70 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.

4.95 out of 5 stars

Computer And Technology Sector

6th out of 577 stocks

Telephone Communication, Except Radio Industry

1st out of 19 stocks

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

Verizon, Walgreens, 3M: 3 high-yield Dow stocks to buy now? (VZ)
Dow's high-yielding trio, Verizon, Walgreens, and 3M face challenges, which are reflected in their stock-price declines.
Exploring communication services stocks: A comprehensive guide (VZ)
This article describes the communications sector, including defining the most popular companies and the services they provide.
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
IBM, Verizon, Merck stocks lead Dow to new highs (VZ)
The Dow hits record highs with IBM, Verizon, Merck, and insurer Travelers leading the way; those strong stocks don't make much of a dent in S&P performance
MarketBeat Week in Review: 1/22 - 1/26 (VZ)
Markets continued to push to new all-time highs, setting the stage for big tech earnings, which will happen next week; here are the top stories from this week.
This one wireless service stock could blow past earnings (VZ)
T-Mobile is setting up as a sector favorite today, traders and analysts shook hands to agree on breaking past new all-time high prices.
Verizon and AT&T: One is a high-yield value, the other a trap
Verizon and AT&T are high-yielding values, but only one has the potential to extend its share price rebound significantly in 2024.
How do T-Mobile, AT&T & Verizon look ahead of earnings? (VZ)
So far in 2024, telecom stocks are middle-of-the-pack players, but optimistic analysts have upgraded the stocks and the industry is a known dividend champion.
LIVE DEMO: Elon Musk’s AI hits 65 MPH
I just taped a live demonstration of Elon Musk’s AI in action. Elon already created an “army of millionaires” with Tesla. Looks like he’ll do it again with his AI because unlike ChatGPT, Elon’s AI works in the REAL world.
Oppenheimer Reaffirms Their Buy Rating on Verizon (VZ)
Verizon (VZ) Pioneers O-RAN Integration to Boost Network
Why Verizon Stock Gained 12% in January
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/09/2024
Last Earnings
1/23/2024
Dividend Payable
2/01/2024
Today
2/08/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
CUSIP
92343V10
Employees
117,100
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$44.62
High Stock Price Target
$50.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$11.61 billion
Pretax Margin
12.68%

Debt

Sales & Book Value

Annual Sales
$133.97 billion
Cash Flow
$10.00 per share
Book Value
$22.31 per share

Miscellaneous

Outstanding Shares
4,204,100,000
Free Float
4,203,261,000
Market Cap
$167.79 billion
Optionable
Optionable
Beta
0.43

Social Links

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VZ Stock Analysis - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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?

13 equities research analysts have issued 12-month target prices for Verizon Communications' stock. Their VZ share price targets range from $39.00 to $50.00. On average, they anticipate the company's stock price to reach $44.62 in the next twelve months. This suggests a possible upside of 11.8% 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 at the beginning of the year. Since then, VZ shares have increased by 5.8% and is now trading at $39.9050.
View the best growth stocks for 2024 here
.

Are investors shorting Verizon Communications?

Verizon Communications saw a increase in short interest in January. As of January 15th, there was short interest totaling 45,620,000 shares, an increase of 17.1% from the December 31st total of 38,960,000 shares. Based on an average trading volume of 23,010,000 shares, the days-to-cover ratio is currently 2.0 days.
View Verizon Communications' Short Interest
.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our VZ earnings forecast
.

How were Verizon Communications' earnings last quarter?

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings data on Tuesday, January, 23rd. The cell phone carrier reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. The cell phone carrier had revenue of $35.10 billion for the quarter, compared to analyst estimates of $34.60 billion. Verizon Communications had a net margin of 8.67% and a trailing twelve-month return on equity of 20.71%. The business's revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share.
Read the conference call transcript
.

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

Verizon Communications declared a quarterly dividend on Thursday, December 7th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.665 per share on Thursday, February 1st. This represents a $2.66 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Tuesday, January 9th.
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 6.47%. 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 96.38%. 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 56.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

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

Verizon Communications issued an update on its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share (EPS) guidance of 4.500-4.700 for the period, compared to the consensus EPS estimate of 4.590. 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 many different retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.21%), Dimensional Fund Advisors LP (0.84%), California Public Employees Retirement System (0.42%), Federated Hermes Inc. (0.37%), LSV Asset Management (0.33%) and Swiss National Bank (0.31%). 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 2/8/2024 by MarketBeat.com Staff

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