Verizon Communications (VZ) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last year. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VZ, but not buy additional shares or sell existing shares.
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15 Wall Street analysts have issued twelve-month price targets for Verizon Communications' shares. Their VZ share price forecasts range from $37.00 to $64.00. On average, they anticipate the company's share price to reach $46.12 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the start of the year. Since then, VZ shares have decreased by 10.1% and is now trading at $35.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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Verizon Communications will be holding an earnings conference call on Tuesday, July 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Verizon Communications Inc. (NYSE:VZ) issued its quarterly earnings results on Tuesday, April, 25th. The cell phone carrier reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. The cell phone carrier had revenue of $32.91 billion for the quarter, compared to the consensus estimate of $33.64 billion. Verizon Communications had a trailing twelve-month return on equity of 23.31% and a net margin of 15.85%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 earnings per share.
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Verizon Communications declared a quarterly dividend on Thursday, June 1st. Stockholders of record on Monday, July 10th will be paid a dividend of $0.6525 per share on Tuesday, August 1st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Friday, July 7th.
Read our dividend analysis for VZ.

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), iShares Core High Dividend ETF (HDV), VanEck Durable High Dividend ETF (DURA), WBI Power Factor High Dividend ETF (WBIY), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and iShares Global Comm Services ETF (IXP).

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 7.40%. 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 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 50.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 55.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

Verizon Communications updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $4.55-$4.85 for the period, compared to the consensus estimate of $4.70. The company issued revenue guidance of -.

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.

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).

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.93%), State Street Corp (3.97%), Charles Schwab Investment Management Inc. (2.13%), Geode Capital Management LLC (1.91%), Dimensional Fund Advisors LP (0.93%) and Price T Rowe Associates Inc. MD (0.89%). Insiders that own company stock include Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Joseph J Russo, Kumara Guru Gowrappan, Kyle Malady and Tami A Erwin.
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Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VZ stock can currently be purchased for approximately $35.42.

Verizon Communications (NYSE:VZ) has a market capitalization of $148.91 billion and generates $136.84 billion in revenue each year. The cell phone carrier earns $21.26 billion in net income (profit) each year or $5.14 on an earnings per share basis.

The company employs 117,100 workers across the globe.

Verizon Communications' mailing address is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.verizon.com. The cell phone carrier can be reached via phone at (212) 395-1000, via email at michael.stefanski@verizon.com, or via fax at 212-571-1897.