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Followed 195 TimesTop Followed
NYSE:VZ

Verizon Communications (VZ) Stock Forecast, Price & News

$33.28
-0.32 (-0.95%)
(As of 09/21/2023 ET)
Compare
Today's Range
$33.26
▼
$33.85
50-Day Range
$31.46
▼
$34.99
52-Week Range
$31.25
▼
$42.58
Volume
17.99 million shs
Average Volume
21.85 million shs
Market Capitalization
$139.93 billion
P/E Ratio
6.66
Dividend Yield
7.84%
Price Target
$43.40
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
30.4% Upside
$43.40 Price Target
Short Interest
Healthy
1.01% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
0.99mentions of Verizon Communications in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$418,023 Sold Last Quarter
Proj. Earnings Growth
0.85%
From $4.72 to $4.76 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.52 out of 5 stars

Computer And Technology Sector

3rd out of 586 stocks

Telephone Communication, Except Radio Industry

1st out of 21 stocks

See Top Rated MarketRank™ Stocks Here

VZ stock logo

About Verizon Communications (NYSE:VZ) Stock

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 Price History

VZ Stock News Headlines

September 15, 2023 | dividendstocks.com
Dividend Yield: Why it Matters (VZ)
September 12, 2023 | marketbeat.com
High Yield, Low Beta Stocks to Buy for the Next Market Meltdown (VZ)
The market is set up for a fall, and it may start soon, as soon as the CPI data is released. These low-beta stocks are poised to outperform and pay dividends
September 21, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
September 11, 2023 | marketbeat.com
These are the Top 3 Sectors for 3rd Quarter Profit Growth (VZ)
The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.
September 8, 2023 | marketbeat.com
7 Best Blue Chip Stocks to Buy Now (VZ)
Blue-chip stocks are the stocks of well-known, high-quality industry leaders. Learn more about our top picks for the best blue chip stocks to buy now.
September 6, 2023 | marketbeat.com
3 Underappreciated Stocks with Nowhere to Go But Up
The analysts see these stocks trading at extreme lows with nowhere to go but up, and there are catalysts to drive their markets higher.
September 5, 2023 | marketbeat.com
3 Emerging Market Stocks To Cushion FED Hikes
As the United States business outlook dampens on the back of FED hikes, these emerging market stocks begin to shine a light on the next growth wave
August 30, 2023 | marketbeat.com
5 Best Dividend Capture Stocks (VZ)
You can buy the best dividend capture stocks just before the dividend is paid, hold them long enough to collect the dividend, then sell. Learn more.
September 21, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
August 25, 2023 | marketbeat.com
3 Telecom Stocks Ringing Upside From Analysts (VZ)
The telecom outperformance still has one more squeeze for diligent investors, these high-potential names can still deliver double-digit upside potential
August 24, 2023 | marketbeat.com
5 Best High-Yield Dividend Stocks for Any Economic Climate
If you're in search of a company that offers high dividends in any economic climate, consider our list of the best high-yield dividend stocks. Learn more.
August 24, 2023 | marketbeat.com
5 High-Yielding S&P Stocks: Is It The Right Time To Buy? (VZ)
While high-yielding stocks in the S&P 500 offer potential rewards, it's crucial to be aware of associated risks, as a high yield may indicate trouble brewing.
September 21, 2023 | bloomberg.com
SHAREHOLDER ALERT: Potential Recovery for Verizon Communications Inc. (VZ) Investors Affected by Stock Drop - Levi & Korsinsky
September 21, 2023 | finance.yahoo.com
UPDATE 1-US EPA says no immediate lead health threats from telecom cables
September 21, 2023 | finance.yahoo.com
Want to Earn $10,000 per Year in Dividends? Here's How Much Verizon Stock You Need to Own
September 20, 2023 | finance.yahoo.com
5 Stocks With Recent Dividend Hike in a Volatile September
September 20, 2023 | finance.yahoo.com
Verizon brings the Small Business Digital Ready experience to live event in New York City
September 19, 2023 | benzinga.com
Verizon improves the experience for customers in Alaska's Playground
September 18, 2023 | stocknews.com
3 Telecom Stocks Investors Are Keeping Track Of
September 18, 2023 | finance.yahoo.com
Want an Extra $500 in Annual Dividend Income? Invest $5,150 in These Ultra-High-Yield Stocks.
September 17, 2023 | msn.com
Verizon: Harmful Dividend Hike
September 15, 2023 | finance.yahoo.com
Get the new iPhone 15 Pro, on us, with any iPhone trade-in on Unlimited Ultimate
September 15, 2023 | finance.yahoo.com
Verizon Communications Inc. (NYSE:VZ) is favoured by institutional owners who hold 64% of the company
September 14, 2023 | finance.yahoo.com
Verizon donates $20,000 to Maui Police Foundation
September 14, 2023 | benzinga.com
Verizon Communications Unusual Options Activity For September 14
September 14, 2023 | finance.yahoo.com
As Hurricane Lee looms in the Atlantic, Verizon is ready
September 13, 2023 | finance.yahoo.com
Verizon waives call and text charges to Libya and in-country roaming charges
See More Headlines
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VZ Company Calendar

Ex-Dividend for 8/1 Dividend
7/07/2023
Last Earnings
7/25/2023
Dividend Payable
8/01/2023
Today
9/21/2023
Ex-Dividend for 11/1 Dividend
10/06/2023
Next Earnings (Confirmed)
10/24/2023
Dividend Payable
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Telephone communication, except radio
Sub-Industry
Integrated Telecommunication Services
Sector
Computer and Technology
Current Symbol
NYSE:VZ
CUSIP
92343V10
CIK
732712
Web
www.verizon.com
Phone
(212) 395-1000
Fax
212-571-1897
Employees
117,100
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$43.40
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+28.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.00
Trailing P/E Ratio
6.73
Forward P/E Ratio
7.13
P/E Growth
2.02
Net Income
$21.26 billion
Net Margins
15.58%
Pretax Margin
20.70%
Return on Equity
22.28%
Return on Assets
5.48%

Debt

Debt-to-Equity Ratio
1.43
Current Ratio
0.73
Quick Ratio
0.69

Sales & Book Value

Annual Sales
$136.84 billion
Price / Sales
1.03
Cash Flow
$9.33 per share
Price / Cash Flow
3.61
Book Value
$22.02 per share
Price / Book
1.53

Miscellaneous

Outstanding Shares
4,204,040,000
Free Float
4,203,199,000
Market Cap
$141.55 billion
Optionable
Optionable
Beta
0.36

Social Links

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Key Executives

  • Mr. Hans E. VestbergMr. Hans E. Vestberg (Age 58)
    Chairman & CEO
    Comp: $5.33M
  • Mr. Craig L. SillimanMr. Craig L. Silliman (Age 55)
    Exec. VP & Pres of Verizon Global Services
    Comp: $2.13M
  • Mr. Kyle Malady (Age 55)
    Exec. VP & CEO of Verizon Bus. Group
    Comp: $6.61M
  • Mr. Sowmyanarayan Sampath (Age 46)
    Exec. VP & CEO of Verizon Consumer Group
    Comp: $1.75M
  • Mr. Anthony T. SkiadasMr. Anthony T. Skiadas (Age 54)
    Exec. VP & CFO
  • Ms. Mary-Lee Stillwell (Age 49)
    Sr. VP of Accounting & External Reporting and Controller
  • Mr. Joseph J. RussoMr. Joseph J. Russo
    Exec. VP & Pres of Global Networks and Technology
  • Mr. Brady Connor
    Sr. VP of Investor Relations
  • Ms. Vandana Venkatesh (Age 51)
    Exec. VP & Chief Legal Officer
  • Mr. James J. Gerace (Age 59)
    Sr. VP & Chief Communications Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













VZ Stock - 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 year. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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.
View VZ analyst ratings or view top-rated stocks.

What is Verizon Communications' stock price forecast for 2023?

14 analysts have issued 12-month target prices for Verizon Communications' stock. Their VZ share price forecasts range from $36.00 to $64.00. On average, they predict the company's share price to reach $43.40 in the next twelve months. This suggests a possible upside of 29.4% 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 2023?

Verizon Communications' stock was trading at $39.40 on January 1st, 2023. Since then, VZ shares have decreased by 14.9% and is now trading at $33.53.
View the best growth stocks for 2023 here.

When is Verizon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our VZ earnings forecast.

How can I listen to Verizon Communications' earnings call?

Verizon Communications will be holding an earnings conference call on Tuesday, October 24th 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, July, 25th. The cell phone carrier reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.04. The cell phone carrier had revenue of $32.60 billion for the quarter, compared to analysts' expectations of $33.30 billion. Verizon Communications had a net margin of 15.58% and a trailing twelve-month return on equity of 22.28%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 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 announced a quarterly dividend on Thursday, September 7th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.665 per share on Wednesday, November 1st. This represents a $2.66 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Friday, October 6th. This is an increase from the stock's previous quarterly dividend of $0.65.
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), First Trust Morningstar Dividend Leaders Index (FDL), Invesco Dow Jones Industrial Average Dividend ETF (DJD), iShares Core High Dividend ETF (HDV), FT Cboe Vest DJIA Dogs 10 Target Income ETF (DOGG), WBI Power Factor High Dividend ETF (WBIY), TrueShares Low Volatility Equity Income ETF (DIVZ) and Vanguard Communication Services ETF (VOX).

Is Verizon Communications a good dividend stock?

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.61 per share and currently has a dividend yield of 7.81%. 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 52.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 54.83% 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 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $4.55-$4.85 for the period, compared to the consensus earnings per share estimate of $4.68. 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).

What is Verizon Communications' stock symbol?

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

Who are Verizon Communications' major shareholders?

Verizon Communications' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.06%), State Street Corp (4.16%), Bank Julius Baer & Co. Ltd Zurich (3.25%), Charles Schwab Investment Management Inc. (2.22%), Geode Capital Management LLC (1.96%) and Northern Trust Corp (1.01%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Verizon Communications' stock price today?

One share of VZ stock can currently be purchased for approximately $33.53.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $140.96 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 $5.00 on an earnings per share basis.

How many employees does Verizon Communications have?

The company employs 117,100 workers across the globe.

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
How can I contact Verizon Communications?

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.

This page (NYSE:VZ) was last updated on 9/21/2023 by MarketBeat.com Staff

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