Verizon Communications (VZ) Stock Forecast, Price & News

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.
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15 brokerages have issued 12-month target prices 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 $46.56 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the beginning of 2023. Since then, VZ stock has decreased by 12.2% and is now trading at $34.58.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
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Verizon Communications Inc. (NYSE:VZ) released its earnings results on Tuesday, April, 25th. The cell phone carrier reported $1.20 EPS for the quarter, topping the consensus estimate 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%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm 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 annualized dividend and a dividend yield of 7.55%. 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 7.55%. 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 issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $4.55-$4.85 for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional shareholders 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 $34.58.

Verizon Communications (NYSE:VZ) has a market capitalization of $145.37 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.