S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal

Verizon Communications (VZ) Stock Price, News & Analysis

$39.72
-0.44 (-1.10%)
(As of 04/12/2024 ET)
Today's Range
$39.68
$40.26
50-Day Range
$39.49
$42.84
52-Week Range
$30.14
$43.42
Volume
21.55 million shs
Average Volume
17.92 million shs
Market Capitalization
$166.99 billion
P/E Ratio
14.39
Dividend Yield
6.70%
Price Target
$44.50

Verizon Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
12.0% Upside
$44.50 Price Target
Short Interest
Healthy
1.14% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.62mentions of Verizon Communications in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$1.58 M Sold Last Quarter
Proj. Earnings Growth
3.06%
From $4.58 to $4.72 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.

4.94 out of 5 stars

Computer And Technology Sector

9th out of 596 stocks

Telephone Communication, Except Radio Industry

2nd out of 22 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

What Does Ciena’s Forecast Cut Say About Optical Demand for AI? (VZ)
Ciena issued soft 2024 guidance, but the stock remains a cautious buy because of its 50% market share in the data center interconnect market
2 Deep Value, High Yield Stocks With a Double-Digit Upside
Value and yield are where you find them, and you will find them with Verizon CommunicationsNYSE: VZ and Whirlpool NYSE: WHR. These stocks trade at discounted valuations relative to the broad market, offer value relative to historical norms, and pay yields well above the average dividend-paying stock.
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
2 Deep Value, High Yield Stocks With a Double-Digit Upside (VZ)
Verizon and Whirlpool are two beaten down income stocks with yields above 6.5% and an outlook for double-digit stock price gains.
Mastering Stocks in the Dow: Insights into the DJIA (VZ)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Verizon: Show Must Go On
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
Ex-Dividend for 5/1 Dividend
4/09/2024
Today
4/13/2024
Next Earnings (Confirmed)
4/22/2024
Dividend Payable
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
CUSIP
92343V10
Employees
105,400
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$44.50
High Stock Price Target
$50.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$11.61 billion
Pretax Margin
12.68%

Debt

Sales & Book Value

Annual Sales
$133.97 billion
Cash Flow
$8.83 per share
Book Value
$22.31 per share

Miscellaneous

Outstanding Shares
4,204,270,000
Free Float
4,203,431,000
Market Cap
$166.99 billion
Optionable
Optionable
Beta
0.41

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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 Communications Inc. has shown consistent growth in its Consumer and Business segments, indicating a strong market presence and potential for revenue expansion.
  • With the increasing demand for communication and technology services globally, Verizon is well-positioned to capitalize on these growing markets.
  • Verizon's focus on innovation and technology advancements ensures that it stays competitive in the rapidly evolving telecommunications industry.
  • Recent financial reports indicate a stable financial performance, with a healthy balance sheet and positive cash flow, providing investors with confidence in the company's financial stability.
  • Despite market fluctuations, Verizon's stock price has shown resilience and potential for long-term growth, making it an attractive investment option.

Cons

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

  • The telecommunications industry is highly competitive, with constant technological advancements and regulatory challenges that could impact Verizon's market position and profitability.
  • Verizon's heavy reliance on capital-intensive infrastructure investments may lead to increased debt levels and potential liquidity concerns in the future.
  • Market saturation in certain segments could limit Verizon's growth opportunities and pose challenges in expanding its customer base.
  • Fluctuations in interest rates and economic conditions could affect Verizon's borrowing costs and overall financial performance, impacting investor returns.
  • Investors need to consider the potential impact of geopolitical events and regulatory changes on Verizon's operations and market outlook, adding a level of uncertainty to investment decisions.
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 Saturday, April 6, 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 6 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?

14 equities research analysts have issued 1-year target prices for Verizon Communications' stock. Their VZ share price targets range from $39.00 to $50.00. On average, they predict the company's share price to reach $44.50 in the next twelve months. This suggests a possible upside of 12.0% 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 start of the year. Since then, VZ stock has increased by 5.4% and is now trading at $39.72.
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, April 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, April 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) released its earnings results on Tuesday, January, 23rd. The cell phone carrier reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The cell phone carrier had revenue of $35.10 billion for the quarter, compared to analysts' expectations of $34.60 billion. Verizon Communications had a trailing twelve-month return on equity of 20.71% and a net margin of 8.67%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $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, February 29th. Investors of record on Wednesday, April 10th will be given a dividend of $0.665 per share on Wednesday, May 1st. This represents a $2.66 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Tuesday, April 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 6.62%. 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 56.36% 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 updated its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 4.500-4.700 for the period, compared to the consensus 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 Los Angeles Capital Management LLC (0.04%), Global Assets Advisory LLC (0.03%), Factory Mutual Insurance Co. (0.03%), CWM LLC (0.03%), Welch Group LLC (0.02%) and Meyer Handelman Co. (0.02%). 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 4/13/2024 by MarketBeat.com Staff

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