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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
66,000% upside on tiny biotech? (Ad)
Will NIO Partake In China's Economic Awakening?
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
66,000% upside on tiny biotech? (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Will Plug Power’s Deal With Energy Vault Move The Needle? 
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
66,000% upside on tiny biotech? (Ad)
Will NIO Partake In China's Economic Awakening?
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
66,000% upside on tiny biotech? (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Will Plug Power’s Deal With Energy Vault Move The Needle? 
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
66,000% upside on tiny biotech? (Ad)
Will NIO Partake In China's Economic Awakening?
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
66,000% upside on tiny biotech? (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
Tax Software Specialist Vertex In Buy Zone After Base Breakout
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
How to Choose a Brokerage Account or Online Broker
Will Plug Power’s Deal With Energy Vault Move The Needle? 
NYSE:VZ

Verizon Communications (VZ) Stock Forecast, Price & News

$35.46
+0.03 (+0.08%)
(As of 06/9/2023 ET)
Compare
Today's Range
$35.26
$35.62
50-Day Range
$34.46
$40.11
52-Week Range
$33.72
$52.18
Volume
14.95 million shs
Average Volume
20.33 million shs
Market Capitalization
$149.07 billion
P/E Ratio
6.90
Dividend Yield
7.36%
Price Target
$46.12

Verizon Communications MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
30.1% Upside
$46.12 Price Target
Short Interest
Healthy
1.07% 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 24 Articles This Week
Insider Trading
Selling Shares
$1.02 M Sold Last Quarter
Proj. Earnings Growth
0.21%
From $4.68 to $4.69 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Computer And Technology Sector

21st out of 600 stocks

Telephone Communication, Except Radio Industry

1st out of 26 stocks


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.



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VZ Stock News Headlines

MarketBeat Week in Review – 6/4 - 6/9 (VZ)
Investors are cautiously optimistic as they wait on data about inflation and interest rates. While you wait here are the top stories from this week
2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values (VZ)
Whether or not the Dow’s valuation is due for a correction toward its historical mean is debatable, but here are two blue chip bargains worth looking at.
Wall Street legend warns: "A new dawn is coming"
He called the Priceline collapse in 2012, the 2020 crash, and the 2022 bear market. Now he says a new dawn is coming to U.S. stocks. It's time to throw out the investment blueprint of the last decade and prepare for a massive shift. If you've lost money over the past two years, this changes everything.
Is Verizon’s 7% Yield Too Good To Pass Up?
Verizon's 7% dividend yield is beginning to look too good to pass up. Risk-tolerant income investors could see a double-digit upside for their trouble.
The "How" and "Why" of Investing in 5G Stocks (VZ)
Want to invest in 5G? You don't have to dig into just the top cellphone carriers. Learn how to invest in 5G stocks in a few different ways.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Verizon upgrades network for Pittsburgh customers
Verizon upgrades network for Detroit customers
Verizon lights up 5G Ultra Wideband across Indiana
Verizon: Blazing-Fast 5G Is A Buy Signal
7 Analysts Have This to Say About Verizon Communications
Verizon: Time To Buy Aggressively
Verizon: Black Swan Risk
Dow Jones Today: Index Rallies on Jobs Strength
See More Headlines

VZ Price History

VZ Company Calendar

Ex-Dividend for 5/1 Dividend
4/06/2023
Last Earnings
4/25/2023
Dividend Payable
5/01/2023
Today
6/10/2023
Ex-Dividend for 8/1 Dividend
7/07/2023
Next Earnings (Confirmed)
7/25/2023
Dividend Payable
8/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$46.12
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
15 Analysts

Profitability

Net Income
$21.26 billion
Pretax Margin
21.06%

Debt

Sales & Book Value

Annual Sales
$136.84 billion
Cash Flow
$9.31 per share
Book Value
$22.02 per share

Miscellaneous

Outstanding Shares
4,203,990,000
Free Float
4,203,151,000
Market Cap
$149.07 billion
Optionable
Optionable
Beta
0.37

Social Links


Key Executives

  • Hans Erik VestbergHans Erik Vestberg
    Chairman & Chief Executive Officer
  • Anthony T. SkiadasAnthony T. Skiadas
    Chief Financial Officer & Executive Vice President
  • Kyle J. Malady
    Group CEO-Verizon Business & Executive VP
  • Craig SillimanCraig Silliman
    EVP & President-Verizon Global Services
  • Diego Scotti
    Chief Marketing Officer & Executive Vice President













VZ Stock - Frequently Asked Questions

Should I buy or sell Verizon Communications stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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?

15 Wall Street research analysts have issued 12 month price targets for Verizon Communications' stock. Their VZ share price forecasts range from $37.00 to $64.00. On average, they predict the company's share price to reach $46.12 in the next twelve months. This suggests a possible upside of 30.1% 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 at the start of the year. Since then, VZ stock has decreased by 10.0% and is now trading at $35.46.
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, July 25th 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, July 25th 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) issued its earnings results on Tuesday, April, 25th. The cell phone carrier reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. The cell phone carrier earned $32.91 billion during the quarter, compared to analysts' expectations of $33.64 billion. Verizon Communications had a trailing twelve-month return on equity of 23.31% and a net margin of 15.85%. Verizon Communications's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.35 EPS.
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, June 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.6525 per share on Tuesday, August 1st. This represents a $2.61 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Friday, July 7th.
Read our dividend analysis for VZ
.

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 7.40%. 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.

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

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 -.

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 retail and institutional 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.
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 $35.46.

How much money does Verizon Communications make?

Verizon Communications (NYSE:VZ) has a market capitalization of $149.07 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.

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 6/10/2023 by MarketBeat.com Staff

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